In a Gallup survey from 2017, it was shown that Americans hold around $88 billion in medical debt. These debts can add up as a result of small bills, like office visits, or larger emergencies, like heart attacks and brain injuries. Around 137.1 million Americans have...
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Medical Debt
Medical debts are a leading cause of bankruptcy
Americans know all about debt. In fact, a fair portion of the country's political discourse revolves around it fairly continuously due to the national preference for credit. That preference is not necessarily a bad thing, and in a healthy economy, debt can even drive...
What should you do if your medical claim is denied?
Many of those in Salem who have health insurance may be surprised to learn that simply having it does not necessarily guarantee coverage. Insurance claim denials may easily cause worry, given that medical debt is the primary reason behind most personal bankruptcies in...
Examining the most expensive medical conditions
Many in Salem may find it difficult to grasp just how great of a crippling effect medical debt can have on one’s finances. They also may fail to realize how pervasive the problem is in the. U.S. According to data shared by The Association of Credit and...
Which form of bankruptcy is best to resolve medical debts?
A common myth that many in Salem may buy into is that only those who cannot manage their money are driven into bankruptcy. The fact is that most personal bankruptcy cases in the U.S. do not involve consumer debt at all. According to the results of a Harvard study...
Who is filing for medical bankruptcy?
The rising costs of healthcare have left many people in Salem, both insured and uninsured, with little chance to realistically afford their medical bills. If you feel as though you are drowning in medical debt, you may wonder how many others are in your same...
What options to do you have for negotiating your medical debt?
Many healthcare providers in Salem and throughout the rest of the country may worry about getting paid for their services. The Association of Credit and Collection Professionals reports that as recently as 2012, American hospitals provided over $45 billion in care for...
Examining medical debt amongst the insured
Many in Salem may believe that the key to avoiding financial scenarios where bankruptcy becomes a debt-relief alternative is simply to avoid debt altogether. However, for many, it is not that simple. The leading cause of personal bankruptcy in the U.S. is medical...
Evaluating disability benefits as a form of medical debt relief
Unexpected medical expenses can leave almost anyone in Salem facing dire financial straits. Few may comprehend just how costly medical bills can be, and how quickly they can accumulate. What initially starts out as an injury or illness can leave one requiring years of...
What if you cannot pay your medical bills?
If you happen to be suffering from seemingly insurmountable medical debt in Salem, you are not alone. In fact, according to data shared by CNBC.com, nearly 2 million people in the U.S. were driven to bankruptcy by medical debt in 2012, placing it atop the list of...
