Medical debt is a concern for many. Its presence affects not only their financial picture but also their mental and emotional wellness. The burden of owing vast amounts often leads to significant psychological stress. Recognizing the negative psychological upshot of...
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How to get assistance with medical debt
Managing medical debt can be overwhelming, often leaving individuals feeling uncertain about how to get help. Fortunately, there are numerous resources available to alleviate the financial strain caused by these bills. Knowing where to go for assistance is the first...
5 steps for eliminating medical debt
Medical debt is a pressing issue for countless families. The cost of paying for medical expenses often forces people to forego necessities such as groceries and utilities. One study from KKF.org found that approximately 23 million people carry medical debt of more...
Medical debt and personal bankruptcy
Americans spend trillions of dollars on health care every year and medical debt is one of the leading causes behind the number of Americans filing for personal bankruptcy. In fact, some studies have found that it is a factor in two-thirds of all personal bankruptcy...
Different types of medical billing in Indiana
Medical debt is a serious issue in the United States and one that is, unfortunately, getting more serious over time. The truth is that everyone in this country has the potential to accumulate medical debt at some point in their lives. However, there are situations in...
Managing medical debt collection pressures
Medical debt is a different animal than other kinds of consumer debt. Like illnesses, it has a way of developing complications. Between confusing insurance coverage, high deductibles, copays and all too frequent billing errors, medical bills can easily migrate into...
Helpful ideas for paying off medical debt
Medical debt is a major problem for many Indiana residents. Even just a night or two in the hospital or an ambulance ride can result in huge bills that you do not have the money to pay. If you’ve had ongoing treatment, your medical bills can pile up quickly, with...
Survey: Medical debt is a persistent problem for many Americans
In Indiana and across the United States, people have been confronted with a major rise in the amount of money they owe to various creditors. Much of that stems from the recent national health crisis, job loss and reduced income. A major factor in debt is medical...
Could medical debt get debt forgiveness too?
Unless you have been on a news fast, you have likely heard of the recent announcement of student debt cancellation. This has many debt experts wondering if medical debt is next. Student debt relief In August, it was announced that student borrowers would have $10,000...
A medical credit card may not be the best idea
If you are an Indiana resident struggling with high medical expenses or debt, a medical credit card might seem like a good idea. However, a medical credit card is not always the best option, and there are several things you should know before deciding to sign up for...