Whether you are an older adult or a young adult, it is crucial to understand the consequences of medical debt as well as the prevalence of this serious problem. In fact, people of all ages suffer devastating health challenges that cause entire families to face...
What you may not know about Medical debt
Medical bills may be terribly complex. There are also misconceptions about medical expenses which may also appear as medical debt on your credit reports without your knowledge. Approximately 31.6 percent of Americans have collections accounts on their credit reports....
Do’s and Don’ts of medical debt
Medical bills can be overwhelming. But there are recommended methods to deal with medical debt while other options can have consequences. Quick fixes and ignoring debt can compound debt and lower your credit scores. For example, placing debt on a credit card will...
How medical debt can grow even with health insurance
From time to time people in Oregon need to go to the doctor. This could be for routine check-ups, preventive care or to treat injuries or illnesses. If people are there for check ups and other routine care usually people are in and out of the office fairly quickly and...
Why are millenials struggling with medical debt?
Since younger Oregon residents are likely to be healthier than their older counterparts, they are often less likely to get health insurance. Add this to the fact that they are less likely to have worked long enough to generate enough savings to cover big medical...
Patients deserve to know fair prices for medical procedures
If paying a medical bill was like buying a candy bar, consumers would know the exact amount they owe. However, some hospitals may choose to keep consumers in the dark about fair procedure prices. Often, the expensive charges don’t usually correlate with quality of...
Study finds link between health insurance gaps, bankruptcy
People in Oregon and across the U.S. are significantly more likely to file for bankruptcy protection if they experience an interruption in their health insurance coverage, according to a new study published in August by the American Bankruptcy Institute. Researchers...
Unpaid medical bills can affect credit score
For many Oregon residents, medical bills form a significant amount of their overall debt burden. Even people with insurance may struggle with high deductibles, expensive medications or out-of-network treatments. As a result, people may find themselves facing...
1 in 7 U.S. patients hit with surprise medical bills
Patients in Oregon and across the U.S. are getting slapped with surprise medical bills despite staying within their health care network, according to an analysis by the Health Care Cost Institute. In fact, the report found that approximately 1 in 7 patients nationwide...
Companies are helping employees pay off debt
Many Oregon residents look to their employers to help them with things like health insurance and saving money for retirement. Now, some employees may be able to look to their employer to help them deal with their debt.Many larger companies are helping their employees...
Learn More About Your Fresh Financial Start
The Law Office of Kim Covington is a debt relief agency, and I have helped families, individuals and small businesses, file for bankruptcy relief under the U.S. Bankruptcy Code, for over 19 years.