Debt

The Ultimate Prescription for Dealing With Medical Debt

So you went to the ER or underwent an expensive medical procedure. Now the bill is here, and you’re worried that the shock is going to send you back to the hospital — and further into debt.

Your health is your most valuable asset. Yet there’s something so frustrating about going into debt over it. You didn’t decide to splurge on a hospital stay or a costly battery of tests just because.

Add in the maze of medical jargon and coding, health insurance and hospital billing departments, and medical debt can be downright maddening.

It’s probably of little comfort, but if you can’t afford to pay your medical bills, you have plenty of company.

About 3 in 10 people reported that they or someone in their household had trouble paying a medical bill in the past year, according to a 2017 Kaiser Family Foundation poll of 1,160 Americans over age 18. That same poll also found that 45% of people reported they would struggle to pay a surprise $500 medical bill.

Joseph Tanner

You may also like

More in Debt