Many Americans are finding themselves in a financial predicament. Some have lost jobs or seen reduced hours, which can make it challenging to pay rent, utility, and grocery bills. Many of these individuals have also seen their health insurance affected. They might...
Potential medical debt remedies
Families may be facing higher medical bills with lower incomes this year. This can lead to potentially insurmountable medical debt. You can take some steps to limit this debt. Credit cards Avoid the temptation to charge medical debt to your credit card. This may get...
Debt in the Time of COVID-19
Navigating social distancing and debt during the coronavirus crisis
Hospital passes medical debt to state with more power to collect
Patients in Kentucky who cannot afford their outstanding medical bills often have more problems than merely fielding calls and letters from hospital debt collectors. While they struggle to find enough money to provide for themselves and their families, they might also...
Medical debt does not have to cripple you
According to CNBC, 137 million Americans have medical debt that they cannot tackle. Medical debt is the leading cause of Americans who seek to cash in their retirement or 401(k). No one can prevent medical bills from occurring. Accidents happen, illnesses are not...
What steps should you take when you can’t pay back medical debt?
Admitting that your medical debt has accumulated to the point of extreme worry is always a stressful situation. However, there are ways to alleviate the anxiety caused by the debt itself by finding alternative ways to deal with the problem. One of the most overlooked...
Could cancer lead to bankruptcy?
Getting a cancer diagnosis is devastating enough on its own, but when you realize the financial impact of the disease, it becomes even more terrifying. Many people in Kentucky face financial issues due to having cancer. It is something that puts the state of the...
Medical debt and bankruptcy in the U.S.
In Kentucky and all across the United States, politicians and other leaders in health care continue to debate on how to make health care truly affordable and available for everyone. As the 2020 election draws nearer, this topic will likely only grow in importance for...
Do you know how to handle unaffordable medical bills?
You have medical insurance, but even that is not enough to cover all your medical bills after your recent accident in Kentucky. Of course, you want to focus on getting better. That said, it is best that you not ignore your unpaid medical bills, no matter how...
What can you do when you cannot afford medical debt?
Medical debt and debilitating injury are the leading causes of bankruptcy in the United States. This is the case even for individuals who have health insurance. If you are like one of the millions of Americans swimming in medical debt, you may wonder what options for...