Mark T. Young & Associates
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Overcoming medical debt through bankruptcy

For the most part, individuals in Tennessee and elsewhere care about their health. Unfortunately, costs associated with health care can get costly. And when the unexpected happens, such as an injury, illness or necessary surgery, these expenses can be overwhelming. Medical debt can create major financial hardships for individuals and families, requiring them to seek financial relief.

It is expected that those without health insurance or without a good plan are the most prone to medical debt, but even those with good coverage through an employer or the Affordable Care Act marketplace can fall victim to surprising medical bills.

The reason is the consolidation in the health care business as a means to gain more bargaining power. And these surprise bills are a byproduct of this fight between insurers and care providers. In other terms, patients are going to places that are in network, and while their primary care provider is under their network, ancillary physicians that likely have little to no contact with the patient may not be in network. This means that the anesthesiologist and radiologist may not be in network and the patient is now staring at an unsuspecting medical bill.

In some cases, these bills can be hefty, going well into the six figures. This debt certainly cannot be addressed by the patient, thus turning it over to collections. This can be an even more overwhelming experience, dealing with a collection agency. There are ways for these individuals to navigate this difficult situation. Filing for bankruptcy could help give one a fresh financial start by reducing or eliminating these debts.

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Mark T. Young & Associates
2895 Northpoint Blvd.
Hixson, TN 37343

Toll Free: 888-376-0282
Phone: 423-933-1606
Fax: 423-877-0363
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