Category: Medical Debt
Medical debt: Even a small balance can lead to financial struggle
The fear of the costs associated with an unexpected medical emergency is a concern for many individuals in Tennessee. However, while dealing with high amounts of debt can be a daunting process, even smaller amounts of medical debt can create an unfortunate situation. Recent studies suggest that when it comes to unpaid medical bills, individuals
Medical debt driving retired seniors to bankruptcy
Getting sick, suffering an injury or simply getting older — all of these are unavoidable aspects of being human. With the high cost of health care, medical debt may be an unavoidable part of being human, too. This particular economic strain can be devastating no matter what stage of life a person is in, but
Using a credit card to pay for medical debt could prove costly
A medical emergency can take place without a moment’s notice, and the costs of treatment can leave a person in Tennessee facing dire financial straits. Individuals who are left scrambling to cover financial obligations may feel as though a credit card may provide them with relief. However, using a credit card to pay for medical
Laws regarding unpaid medical debt in Tennessee
Whether as the result of a planned procedure or an unexpected emergency, most people will incur medical expenses at some point in their lives. However, health care costs continue to rise, and even with insurance, a person can become strapped with unpaid medical bills that will adversely affect their finances and make it harder to
Health care credit cards might be driving up medical debt
Even with insurance, the cost of accessing medical care is a barrier that many people in Tennessee face. As a solution, some doctors’ offices now offer medical credit cards, giving patients lines of credit on which to charge their related bills. Unfortunately, this approach may drive some even further into medical debt. Putting medical bills
Medical debt can come on suddenly and ruin the best laid plans
Tennessee residents can make all the right choices and still face an enormous burden of debt. That is especially true when it comes to medical debt. There are cases where an individual works for decades, sets aside savings and makes wise choices in purchasing a home and accumulating debt. A sudden injury or illness can
Would the new health care bill lead to more medical debt?
As the new health care bill slowly makes its way through the legislative process, many people in Tennessee are concerned about how their health care options could be affected if major changes take place. This is a deeply personal issue, because health care and the associated costs are different for everyone. For many people, medical
Tips for avoiding serious problems with medical debt
Anyone can find themselves in need of urgent medical care, whether through an unexpected illness or injury. Being faced with a serious health concern is a stressful matter, and one that can be difficult for Tennessee families. Once the patient has been stabilized and is in the process of healing and recovering, yet another stressful
Nearly 1 in 3 Tennesseans Has Medical Debt
Nearly one in three adults in Tennessee has outstanding medical debt. According to The Tennessean, this figures as the seventh-highest medical debt rate in the country. Unfortunately, as insurance premiums continue to rise and many stand to lose their insurance altogether, the statistics aren’t likely to get much better any time soon. Researchers note that
Small medical bills can lead to big problems for your credit
If you’ve ever had to seek medical treatment, you know that small medical bills can trickle through for several weeks or months. Sometimes, these bills may be misplaced, and things do happen that make them harder to pay. Unfortunately, even these small bills can affect your credit and slip through the cracks, making it hard