Category: Medical Debt
Medical debt can hold you back, but you have options
Medical debt can rack up quickly; even a single stay in a hospital can lead to hundreds or thousands of dollars of debt. Most patients intend to pay what they owe, but it can become overwhelming and the best intentions can go unmet. The problem is that postponing this debt can lead to a number
These 5 issues often spark financial crisis
Many Tennessee residents keep close tabs on their finances. Then again, most do not have a financial degree of any kind but simply try to stay within budget and review their financial status every month or so. Either way, there’s no way to guarantee that financial challenges will never arise, especially a full-blown financial crisis
Heavy medical debt can take away everything
If you get sick or seriously injured, you might have to prepare for hefty bills. Your health insurance may require you to pay a high deductible or refuse to cover specific procedures or treatments — if you have insurance at all. Every year, through no fault of their own, thousands of people in eastern Tennessee
Medical debt is a major problem for many Tennessee patients
Medical care is expensive, even for those in Tennessee who have insurance. A hospital stay, prolonged illness or traumatic injury can result in bills that can quickly overwhelm a patient and family. Insurance doesn’t always cover every aspect of a patient’s care, and the result can be medical debt and mounds of paperwork that can
Medical debt remains major concern for many Americans
Falling behind on payments for certain types of debt can lead to a number of unpleasant consequences. From wage garnishment to constant phone calls from debt collectors, owing a significant amount of debt can be stressful and overwhelming. One of the most common types of debts is medical debt. Statistics indicate that around 32% of American
Harsh collection practices over medical debt garners criticism
Medical care is expensive, even for those who have insurance and decent salaries. People of all income levels are susceptible to the extensive impact that unexpected medical debt can have, a type of burden that can quickly wipe out a person’s savings and leave him or her with an unmanageable financial burden. In order to
When medical debt and credit card debt go hand in hand
When people have financial struggles, it is often for reasons beyond their control, such as a medical emergency or loss of a job. An unexpected illness or surgery can result in medical debt that a person cannot effectively manage on his or her own. As a result, a Tennessee adult may end up depending on
More people facing lawsuits as a result of their medical debt
Medical care is expensive, even for people who have health insurance. When a Tennessee resident goes in for surgery, needs diagnostic testing or has to visit the emergency room, he or she may find bills from the hospital or doctor in the mailbox a few weeks later. These bills can come as a surprise, leaving
Medical debt continues to be a problem for many Americans
Bills related to medical care and emergency needs are a significant financial burden for many in Tennessee and across the country. Even people with steady jobs, reasonable income and health insurance find themselves facing insurmountable medical debt after a procedure or just one visit to the emergency room. One problem is that many people don’t
Potential legislation may help those with surprise medical debt
When a Tennessee resident has medical insurance, he or she may not expect to have to pay much out of pocket when visiting a doctor, going to the emergency room or scheduling a necessary procedure. Unfortunately, many actually find themselves facing unexpected medical debt, even when they go to an in-network provider or hospital. It’s