Medical Debt and how to deal with it

Don’t let medical debt ruin your finances

You might be surprised to know that many people with health insurance will end up with medical debt. It isn’t very hard in these times.

Outrageous medical costs and long-term care can drain almost anybody’s pockets. The biggest and most obvious difference between something like a car loan and medical debt is that it can get hit you out of nowhere. A medical crisis can occur in an instant. A car accident or a sudden illness can unexpectedly hit a family. The other factor that can bring about stifling medical debt is that unlike a car loan, you can’t sell a medical issue. You can’t wait to decide whether or not you want to pay to have a family member treated for a life-threatening condition. So becomes the hole of medical debt in which we sometimes fall. However, it is not a hopeless situation for which we cannot escape. Read More →