Medical debt is a leading cause of bankruptcy filings in Kentucky. Bankruptcy provides a solution to dealing with burdensome medical debt even if it is a worst-case scenario. Rising healthcare costs leave Americans responsible for more debt when sick or injured. 

According to CNBC, many Americans feel their financial downfall was due in part by medical issues. In fact, “the research shows that the implementation of the Affordable Care Act has not improved things.” With health insurance not covering everything, Americans must foot the bills sometimes into the thousands. Time away from work to deal with medical issues means less money to cover those bills.  

The Balance offers some tips before filing for a medical-related bankruptcy. The relationship between the debtor and the medical provider may change but may stay the same. Medical providers often do not result to the drastic action of foregoing future treatment following a bankruptcy. Many are understanding professionals who may also want your commitment to pay future debt incurred by visiting them.  

Hospitals must treat patients regardless of ability to pay thanks to the 1986 Emergency Medical Treatment and Active Labor Act. While this does not apply to primary physicians, hospitals must still treat patients regardless of whether or not a bankruptcy discharged their owed medical debt. 

While there is no medical bankruptcy, both Chapter 7 and Chapter 13 bankruptcies may be an option for those beneath mounting medical bills with no end in sight. Bankruptcy is not a decision to take lightly, but it can offer debt relief.