For individuals in Oregon and elsewhere who are closing in on retirement age, having a plan in place for the future may be essential. However, planning for certain events, such as a medical emergency, could prove exceedingly challenging. Medical bills continue to be an issue for many individuals who have been forced to endure a similar situation, and the high costs of medical treatment could leave some in search of financial relief.
Posts tagged "Medical Debt"
Many individuals in Oregon and elsewhere spend a great deal of time planning and saving for the golden years. While one might not wish to let anything stand in the way of a preferred retirement age, with the high costs of treatment, one medical emergency could pose a threat to one's current strategy. Medical debt is one of the leading causes of financial hardships, and has left many in search guidance on available options for relief.
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.
With the extensive costs of health care treatment, many individuals in Oregon and elsewhere have experienced the strain of financial difficulties following a medical emergency. Significant amounts of medical debt can be a heavy burden, leaving many in need of relief. While recent changes to how such debts are reported to credit bureaus may help some, others may continue to struggle with monetary obligations, and a more long-term solution may be in order, such as filing for bankruptcy.
Medical debt is a common problem for people in Oregon, and you may be one of many that has to budget a chunk of your income toward a monthly payment for services over and above what you pay for health insurance coverage. Even if you are working to pay off a bill, you could be the subject of illegal creditor harassment. We at The Law Office of Kim Covington often provide advice and support for those who are struggling with the financial aftereffects of seeking medical attention.
Whether you have health insurance or not, you can easily end up with a hefty bill after you receive emergency care, have routine tests run or undergo a procedure in Oregon. If your first reaction to seeing the total is disbelief, this is a good sign that you should investigate further. Our team at The Law Office of Kim Covington is aware of the many ways that health care expenses may be inaccurate, and how people can seek to reduce or eliminate medical debt that they cannot afford.
As patients in Oregon and elsewhere are aware, medical expenses can be staggering, even for those who have health insurance. All it would take is for one accident or serious illness to put a person in significant debt. Many of today’s insurance options cover only a portion of medical expenses, forcing patients to pay hundreds or thousands of dollars out of pocket for copays, deductibles, medication and treatment not covered by their plan.
In previous posts, the issue of medical debt was described as being one of the most serious and pervasive forms of debt plaguing Americans today. The problem continues for residents of Eugene and elsewhere. Even those with medical insurance may suffer from staggering debt. Some say that there is an unjust discrepancy between the salaries that hospital executives earn, while average citizens are burdened with medical bills they cannot afford.
In 2014, a survey conducted by the Commonwealth Fund found that approximately 64 million people across the U.S. were grappling with medical debt, according to a USA Today report. Like others in Oregon, you may think mounting health care bills are a problem that are only experienced by those without health insurance. However, that is not necessarily the case. In fact, there are a number of factors that may contribute to the buildup of medical debt, whether you are insured or not.
If you have a medical debt that you believe may not be accurate, you have the right to dispute the claim. The easiest time for you to resolve the issue is when you first receive a bill from the medical provider. However, you may still be able to correct the problem even if the debt has gone to collections.