If you’re worried that your medical bills are leading you to bankruptcy you may want to get all the facts about your options. Medical bills are a leading cause of bankruptcy, even for people with health insurance.
Injury and illness often lead to a loss of income and time at work. Plus, medical bills may continue for months or years through follow-up doctor's visits, prescription drugs and rehabilitation. Even with insurance and savings, you may quickly find yourself faced with insurmountable medical debt.
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These days, it’s not that uncommon for Americans to find their medical bills leading to bankruptcy. So how, exactly, is bankruptcy able to wipe out medical debt? Here are some basics.
There are certain issues that lead many people to file for bankruptcy. These include:
If mounting medical bills are keeping you up at night, take action now to get some relief. Speak with a lawyer near to find out whether your medical bills might be leading to bankruptcy.