Receiving medical attention for an illness or ailment can be a stressful time in anyone’s life. The healthcare system in the United States provides quality care, but it certainly comes at a price. Medical debt has been the number one reason Americans are filing for bankruptcy for several years. Medical bills can add up quickly and will end up causing lots of financial burden and stress if not handled properly. One of the most eye-opening medical debt statistics is that a $500 unexpected medical bill is too much to pay for 45% of Americans.
If you don’t take care of your medical bills on time, medical providers will report your debts to a collection agency. This can lead to hits on your credit score if you aren’t careful. The last