In a time when many individuals in Oregon and elsewhere are living from paycheck to paycheck, the prospect of an emergency can be financially daunting. Unfortunately, a similar circumstance can happen at any given moment, potentially leaving a person with extensive medical bills in the process. Medical debt is one of the leading causes of financial hardships, and those who experience such monetary issues could benefit from exploring the options for relief.
Having a medical emergency spring up out of nowhere can be stressful enough as is. With the high costs of medical treatment, some may feel as though it is better to avoid debt by forgoing attention. Unfortunately, certain conditions might not simply run their course with time, and if allowed to worsen, the cost of treatment may increase substantially.
Another area of concern for many concerns insurance coverage, as not all plans cover the full amount of one’s medical expenses. Even a percentage of a medical bill can leave an individual in dire financial straits. While those who experience a medical emergency may wish to keep up with payments, this can prove challenging at times, and may also disrupt other areas of life, potentially prompting a need for a more long-term solution.
Substantial amounts of medical debt can cause a person to experience prolonged periods of financial struggle. Individuals who are unable to keep up with similar monetary obligations could benefit from speaking with an attorney for advice on available outlets for relief. An attorney in Oregon can address a client’s financial situation and provide advice on how to pursue a healthier financial future through bankruptcy or other debt relief options.
Source: yourtango.com, “How To Get Out Of Debt When You Have Too Many Medical Bills“, Scott Palmer and Bethany Palmer, Nov. 17, 2017
