Medical debt may represent a significant financial challenge for some Oregon residents. The Kaiser Family Foundation found that in 2016, around 20 percent of people who were of working age and who had insurance said they struggled to pay medical bills in the past year while a 2017 study found over 40 percent said they struggled to afford the deductible.
With the high costs involved in seeking medical care, it may take little more than one sudden and unexpected trip to the hospital for an individual in Oregon to become encumbered with debt. Those who experience such emergencies may feel they are left with few options, and some may turn to a credit card for relief. However, paying medical bills with a credit card might not be the best solution, and seeking guidance on the other options available could be advisable.
While some individuals in Oregon may put off seeking medical attention due to the high costs of treatment, in some cases, a trip to the hospital may be unavoidable. In addition, avoiding care due to the possible financial ramifications may only cause a condition to deteriorate, and a relatively minor condition may end up being much worse in the end, costing far more in both time and money to treat and recover from. Regardless of how it happens, medical debt is a serious issue for many individuals, and the resulting monetary concerns can be significant.
A medical emergency can occur at any moment and could have a substantial impact on a person's health. When experiencing such an event, it may be necessary for a person in Oregon to seek treatment as soon as possible. Unfortunately, the extensive costs of treatment could leave many individuals fearing medical debt more than the threat a condition poses to their health.
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.
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.