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Professional help for medical debt

Medical debt continues to be one of the leading causes of personal bankruptcy in the United States. In fact, unpaid medical bills may be the biggest single factor in personal bankruptcy filings.

A study from earlier this year projected that 1.7 million Americans will file for bankruptcy protection in 2019 due to health care costs, making health care the largest factor in personal bankruptcies. Another 56 million pre-retirement adults will have trouble paying off their medical bills this year. Not all of these are people without medical insurance. According to the study, 10 million adults who have health insurance will still be stuck with bills they can't pay off this year.

It's important to note that researchers have different methods of studying the impact of health care costs on personal debt. Some studies come to different conclusions. Often, health care costs represent just one financial problem among many for an individual who files for bankruptcy. However, almost all such studies agree that medical bills are among the most important factors.

The news media have been full of sad stories of people who try to handle their medical costs on their own, by skipping doses of their prescribed medication, sometimes with disastrous results. No debt is worth endangering your health like that.

If you are struggling with medical debt, it is important to remember that you are not alone, and that there is help available. An attorney with experience in personal bankruptcy and other forms of debt relief can listen to your story and guide you through your options.

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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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