Mark T. Young & Associates
Free Initial Consultation:
423-933-1606
888-376-0282(Toll Free)
423-933-1606
888-376-0282
Focused On Your
Financial Freedom

Medical Debt Archives

A possible solution for medical debt

Medical expenses can be crippling. But, there are several ways to deal with medical debt. Ignoring bills can only make the problem worse. Health care providers will collect on bills for a few months before the account is turned over to a collection agency. When that occurs, the debt is placed on credit reports, which can impair a person's ability to borrow money. There may be lawsuits which could lead to a judgment, wage garnishment or bank levy.

Even young adults are struggling under medical debt

It is a belief among some in Tennessee that many of those who file for bankruptcy due to medical debt are older people. After all, younger people do not always face the medical catastrophes, such as heart attacks or cancer, that older people may experience. However, a recent study published in the journal, Health Affairs, reported that the opposite may be true.

Motherhood and medical debt: A statewide problem

Having a baby is an incredibly stressful time for an expectant Tennessee mother. While her concerns may surround her own health and that of her baby, she may also worry about retaining her career as a mom, earning an income that will support her and her family, and paying for the medical services that they will need when labor and delivery begin. The financial aspects of having a child are significant, and for some new mothers, debt becomes a problem shortly after they give birth.

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.

Medical debt is a problem for many Tennessee residents

There are many events in life that individuals can successfully plan for. With consideration and time, some people can put enough money away to eventually leave their jobs and retire. Others may be able to save some cash so that they can help their kids or grandchildren through college. When money is tight, though, saving may be a luxury that may be unachievable.

Tennessee first in the nation for medical debt bankruptcies

Tennessee is known for many of its positive attributes. Nashville is a hub in the music world, and the state's natural beauty draws visitors from across the nation each year. However, despite the many great things that Chattanooga residents know about their home state, there is one fact that may both surprise and sadden them: Tennessee ranks first in the nation in medical debt bankruptcies.

Is medical debt a problem for your family?

Medical costs in the United States are astronomical and many Tennessee families struggle to pay their bills when hospitals, doctors, and practice groups send their invoices and statements. Whether their bills derive from unexpected medical emergencies or standard appointments and procedures, individuals can find themselves buried in debt from simply taking care of their health. For some, medical debt can be the reason that they choose to file for bankruptcy and seek other methods of eliminating their outstanding obligations.

Unexpected medical costs a major cause of personal bankruptcy

For most people, having a job is a necessity. Without gainful employment they cannot keep food on their tables, rooves over their heads, and clothing on their backs. However, when it comes to finding work, many Tennessee residents also look for job opportunities that provide them with benefits like health insurance.

A minor medical reaction leads to a major medical bill

The human body is an amazing thing, but not everyone knows exactly what ailments and conditions may be lurking just below their own skin. Even when Tennessee residents stay on top of their health and meet regularly with their doctors, they may suffer surprising reactions and conditions that are unlike anything they have every experienced.

Get Started Today

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Contact Information

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

Toll Free: 888-376-0282
Phone: 423-933-1606
Fax: 423-877-0363
Hixson Law Office Map