Medical debt is a growing concern for many individuals and families. Beyond financial stress, it often takes a heavy toll on a person's mental health and overall well-being. Understanding the relationship between medical debt and mental health can help those affected...
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Medical Debt
Seeking financial relief from medical debt via bankruptcy
Unexpected, out-of-pocket medical expenses can become a significant financial burden that can back many Americans into a corner. The more such expenses pile up, the more likely it is that affected individuals will be overwhelmed by insurmountable medical debt. Medical...
Can medical bills ruin your credit in Oregon?
Medical bills often cause stress, especially when they remain unpaid for an extended time. Many people assume that insurance will cover all medical expenses, but unexpected out-of-pocket costs can arise. These costs, combined with high deductibles or other unforeseen...
Why young adults can struggle with medical debt despite their age
Medical debt is a significant concern for many individuals, regardless of age. Even young adults in Oregon are vulnerable to this financial burden despite their youth. Several factors contribute to their susceptibility to accumulating medical debt. Limited insurance...
Should you file for bankruptcy because of medical debt?
Medical debt creates a difficult financial situation for many American families. Filing for bankruptcy could be a solution to mounting hospital bills you cannot pay. Considering all factors can help you decide whether you should pursue bankruptcy for significant...
Average cost of medical procedures in the United States
Medical care in the United States can be incredibly expensive. Someone may not have any choice but to accept this care if they have been injured, but that doesn’t mean that they can afford it. This is why medical debt is one of the top reasons why people declare...
Study: Most hospitals still use “extraordinary collection actions”
The last thing you need after suffering a serious injury or illness is to have the hospital sue you over your medical debt, garnish your wages or put a lien on your home. However, that’s what’s happening in many cases, according to a new study from Kaiser Health News...
3 ways to tackle medical debt
After receiving surgery or another type of treatment, many patients dread looking at their medical bill(s). That’s because about 41 percent of American adults owe between $500 and $10,000+ in medical debt. And for some, health insurance isn’t enough since it only...
What you need to know about credit scores and medical debt
No one looks forward to falling ill or getting hurt in an accident – or the big medical bills that follow. The medical debt can be compounded if you happen to be out of work due to your condition, especially if that affects your insurance entitlement. But how does...
Medical insurance doesn’t mean zero medical debt
Healthcare in the United States operates on an insurance basis. While it may be tempting to think that this means people don’t rack up medical debt, the truth is actually very different. Medical debt is one of the most common causes of debt and bankruptcy in the...
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The Law Office of Kim Covington, is a woman owned debt relief agency, and I have helped families, individuals and small businesses, file for bankruptcy relief under the U.S. Bankruptcy Code, for over 24 years.