Medical Debt

Medical debt creates financial strain, and if you receive debt forgiveness, you might wonder how it affects your taxes. In some cases, forgiven debt counts as taxable income, but bankruptcy changes how it applies. Understanding these implications helps you make...

Medical debt can create challenges that extend far beyond healthcare costs. It can affect financial stability and complicate essential aspects of life like securing housing or employment. Understanding how medical debt impacts these areas can help individuals take...

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...

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...

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...

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...

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...

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...

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...

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...