Many things can lead a person to have a debt level higher than he or she is able to successfully manage. A job layoff or termination or a divorce are among some of the most common reasons that create such a situation. When an unexpected medical condition arises, the medical bills can mount fast, leaving the patient with a whole new crisis on top of the health concern that created the medical expenses to start with. In order to get a fresh start, some people may consider a Chapter 7 bankruptcy if no other option is available.
Whether or not there is a recession or a vibrant, healthy economy, individual consumers can still be left struggling with bills and looking for debt elimination options. In Oregon and around the country, people are still unable to work and many face large medical expenses that are difficult to pay in full. These may be hospital bills, therapy costs or more. No matter the reason for the expenses, the challenge of paying them is all too real for some residents.
When someone is diagnosed with an unexpected illness or is seriously injured in an accident, it can be devastating for everyone around them. Friends and family members are impacted emotionally and usually wish there was something they could do to help. While they may not be able to do anything medically to help their loved one in Lane County, they can put their love and support to work to help out financially with medical expenses.
As people struggle to find ways to reduce their household expenses and put more money into savings each month, they sometimes opt for health insurance plans with higher deductibles in an effort to save money on monthly premiums. As long as you and your family members remain in good health, this can lead to successful savings. If anyone that is covered by your plan suffers from an unexpected medical condition, however, it can lead to overwhelming medical debt.
Some medical procedures can be planned and budgeted for. Most of the time, however, people are faced with an unexpected medical emergency or injured in an accident, leaving them unable to work and making it difficult to pay costly medical bills. Regardless of the circumstances, the bills can quickly pile up and create overwhelming medical debt. Following are a few tips to help our readers in Lane County negotiate their medical bills to make the debt more manageable.