Facing medical debt? You're not alone. Get relief today.
Facing medical debt? You're not alone. Get relief today.
The rising cost of healthcare has been a significant concern for many Americans, especially those in the middle class. A recent study revealed that Americans, particularly those aged 35 and under, had the most medical bills they were unable to pay in full during 2020. This trend is alarming considering that medical emergencies can arise unexpectedly and the inability to cover these costs can lead to long-term financial strain.
However, the issue of unpaid medical bills isn't isolated to the younger generation. Middle class Americans across all age groups are grappling with medical debt more than any other income group. The reasons for this are multifaceted: rising healthcare costs combined with stagnant wages and the economic downturn caused by the pandemic have made it challenging for many to keep up with their medical expenses.
While insurance can offset some of these costs, high deductibles and out-of-pocket maximums mean that even insured individuals can face significant bills. Furthermore, unexpected medical emergencies can result in treatments or procedures that aren't covered by insurance, leading to out-of-pocket expenses that many aren't prepared for.
As a bankruptcy and debt expert, I've seen firsthand the impact of medical debt on families. It's not just about the numbers on a bill. It's about the stress and anxiety of choosing between essential medical care and other necessities like food or rent. It's about the long-term effects of debt on mental health, family relationships, and overall quality of life.
But there's hope. Bankruptcy, while often viewed negatively, can be a lifeline for those drowning in medical debt. It's a legal tool designed to provide relief and a fresh start.
My mission as Omar Zambrano, attorney at law, is to guide families through this process, ensuring they emerge on the other side with a renewed sense of purpose and a clear path forward.
If you or someone you know is struggling with medical debt, remember that there are options available. I offer free consultations to discuss your situation and provide guidance on the best steps forward. Reach out at 626-338-5505.