Medical Debt and Bankruptcy: Finding Relief from Overwhelming Bills

In 2018, the United States borrowed around $88 billion to manage and pay for the Healthcare department. According to the same report, if America hadn’t done this, the healthcare costs would ultimately drive them to bankruptcy. As around ⅓ of the total bankruptcy in the US contributes to the Medical Department, it is essential for everyone to know how to avoid medical debt and bankruptcy.

The Pope Firm is an experienced bankruptcy litigator with qualifications in different sectors, especially in unsecured debts, child support, personal loans, trucking, real estate, and small businesses. We prepared this guide for you to explain the best ways to avoid medical bankruptcy, the best line of defense against a high medical bill, and to offer credit counseling.

You can file for bankruptcy, but it should be considered an option. If you need to learn how to manage your Medical debts, we are here to help!

How to Avoid Medical Debts and Bankruptcy?

First, you must avoid getting sick to avoid high medical bills. Second, if you get sick, you need the knowledge to prevent Medical debts.

Health Insurance

This is important for citizens who have to visit the hospitals more frequently, i.e., someone with diabetes. Getting health insurance can significantly reduce the number of unpaid medical bills, as these will be covered effectively. But, you must ensure the insurance company has flexible terms that suit your needs and stay within your budget. Understand their insurance policy, including coverage limits, deductibles, and copayments.