Medical bills can be some of the most challenging debts to cope with. It affects people with or without healthcare coverage and is one of the leading causes of financial ruin. Having unpaid medical bills can take its toll on an entire household creating unimaginable stress. It is a debt that happens unexpectedly and compounds quickly without understanding. The bankruptcy attorneys at Hines Law Offices located throughout Massachusetts including Framingham can help you get relief!
Many factors contribute to medical debt even if you have health insurance.
Out-of-network care due to hospitalization is a common cause. Make sure all the care that you receive is covered by your insurance. Inadvertent out-of-network care such as emergencies and hospitalizations is another culprit. These bills are extremely problematic. Health plan coverage limits, unaffordable premiums and income loss due illness can also contribute to compounding medical debt. An influx of medical bills due to illness can be extremely confusing and hard to manage. Trying to keep track of lab bills, office visits and hospital care can lead you down an extremely challenging financial path, to say the least
The best intentions of a patient are to pay their providers. Credit cards can be enticing but can quickly lead you to the worst of circumstances. Transferring medical bills to credit cards is like going from bad to worse. Instead of reducing your debt you are increasing your interest rates.
For more information on how and why medical debt occurs read this article.
If you are facing extreme medical debt, bankruptcy solutions are available. Hines Law is ready to listen and help. Call us for a consult today!
The post How Do Medical Bills Lead to Enormous Debt? appeared first on Bankruptcy Lawyers Serving Framingham, MA and Beyond.
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