What if you have accumulated medical debt and have no way of paying it when it’s due? People often feel ashamed of their medical debt, seeing it as their moral obligation to pay their bills and a personal failure that they cant afford them.
The consequences can be serious. People may forego the care they need, including doctor appointments, tests, treatments and prescription medications, reports the Kaiser Family Foundation, a health policy analysis nonprofit. They may struggle to pay other bills, deplete their long-term savings, damage their credit and even declare bankruptcy all problems that can take years to overcome.
Medical Debt Is More Common Than You Think
But its not a personal failure; its a common affliction. …
Read the full article at: https://www.investopedia.com/personal-finance/medical-debt-what-do-when-you-cant-pay/