The cost of health care is rising at a steady pace and is creating havoc for many South Carolina families. Unlike credit card debt, medical debt is usually accumulated from unforeseen illnesses or accidents. Whatever the case may be, tackling the debt head on may help lessen the burden on families and help them regain control of their finances.
The typical individual makes numerous decisions on a daily basis. These decisions range from what to wear to what to eat to what purchases to make. For some South Carolina residents, there is also the decision of which bills to pay. Many bills are created by choice, but in the case of medical bills, there is often little choice. This is where a medical debt attorney can be essential.
Access to advanced medical care is essential for most people in South Carolina and, in some situations, can even be the difference between life and death. Unfortunately, life-saving care often comes with a hefty price tag. Seniors in particular are especially at risk for incurring significant amounts of medical debt, which can put them into financially compromised positions.
People fear becoming sick for many different reasons. Some worry about missing work, while others struggle with caring for themselves. However, one of the biggest fears concerning sickness might just be medical bills. Even South Carolina consumers who have excellent health insurance can still be sidelined by overwhelming medical debt from an unexpected illness or injury. The problem of medical debt is so incredibly pervasive that a group of nurses took matters into their own hands.
Becoming sick, injured or otherwise unwell is an inevitability of life for many people in South Carolina. Although health insurance can help defray the high cost of seeking care, copays and payments from the insurance company usually fail to address the total bill. Indeed, many of the individuals who seek the help of a seasoned medical debt attorney are covered by health insurance, but still struggle with the final cost of their health care treatment. While various credit bureaus are reforming how they report medical debt, some of those who are truly in need of help will not be affected.
It may be frustrating for many who struggle to keep their finances in order to hear accusations that they have reached this situation because of their own careless spending. Hearing advice to curb spending sprees and discipline their shopping habits may serve only to increase the stress for someone in South Carolina who is burdened with debt that has little to do with self-indulgence. In fact, medical debt remains the number one reason why Americans file for bankruptcy.
It is not always the working class who find themselves losing control of their finances. In many cases, even those in South Carolina who have health insurance and financial resources may face desperate times if a chronic or serious illness leaves them with overwhelming medical debt. In fact, one of President Trump's advisers once filed for bankruptcy due to mounting medical bills.
Following an accident or illness, the two questions foremost in many patients' minds are, "When will I get better?" and "How am I going to pay for this?" Struggling with medical debt can seem like pain on top of pain, and financial advocates offer a few tips to avoid such debt. Patients in South Carolina have several options, including consulting a medical debt attorney.
Few people look forward to tax time. After following the formulas and figuring out the bottom line, or paying someone to do the figuring for them, many people have the unhappy chore of writing the government a check for the taxes they owe. However, some taxpayers in Columbia, South Carolina are fortunate enough to expect a refund from the IRS. A recent report by JPMorgan Chase Institute reveals what many people do with that tax refund.
Are you drowning in medical debt? If the frequency and cost of the medical bills that are filling your mailbox after a prolonged illness or emergency are overwhelming, you are not alone. Even those with health insurance find that the cost of health care is steep, and that cost could have a severe impact on even the most financially stable South Carolina families.