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Don’t let medical expenses lead to bankruptcy

No one should ever be confronted with the dilemma of choosing between necessary medical treatment and financial crisis, but that is the issue that countless Florida residents face every year. Individuals that do not currently have insurance coverage typically have to consider how medical expenses will affect their financial situation, and often times avoid treatment for fear of facing Chapter 7 bankruptcy. Fortunately, uninsured patients can take measures to help ensure that they can receive the medical treatment they require without incurring large amounts of debt. And now that several policy changes regarding medical costs are set to take effect, uninsured patients across the country may benefit from debt relief.

Patient options and resources

Individuals without medical insurance should always be aware of expenses related to elective surgeries beforehand so that they can decide if and when to undergo treatment. And when it comes to medication costs, patients have the right to inquire about discounts and financial aid offered by hospitals and drug companies.

Source: newsok.com, “New billing standards could help some patients with debt,” February 15, 2014

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