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medical debt Archives

Congressional decisions could impact medical debt across country

North Carolina residents may have various opinions when it comes to health insurance. Nonetheless, most individuals can agree that costs associated with medical care can become burdensome to deal with at times. When parties accrue considerable medical debt, they may feel that their ability to make ends meet is substantially hindered by these outstanding balances.

Changes to medical debt and credit reports may affect patients

Needing medical attention is often unavoidable in certain situations. Unfortunately, many North Carolina residents may consider forgoing treatment due to the high costs of certain procedures. Often, individuals accrue considerable amounts of outstanding medical debt and find it difficult to address the balances effectively. As a result, their credit scores and other financial affairs may suffer.

Wiping out medical debt draws support from diverse groups

Dealing with a medical issue in Durham can be extremely stressful. However, after receiving treatment, many people also end up with bills that they cannot afford to pay. That is why some groups are working to combat this growing issue, which affects millions of households across the country.

Women more likely to suffer from unexpected medical costs

Health care is an expense that is extremely important and worrisome for many people in North Carolina. Medical emergencies can happen at any time and having insurance is no guarantee that you will not end up owing money after all is said and done. At Wootton & Wootton, P.C., we understand how stressful it is when you owe money that you cannot afford to pay.

Why medical debt is unlike other kinds of debt

Receiving a bill in the mail for a medical treatment you received can be a source of dread for many people in Durham. Medical costs can vary wildly and even those with insurance may end up with heft balances. At Wootton & Wootton, P.C. we know how stressful it can be to get stuck with a bill that you cannot afford to pay.

Number of bankruptcies down but medical costs still leading cause

Access to affordable medical care is vitally important to those living in North Carolina. Health care has been a hotly debated topic in the last several years. The Affordable Care Act led to a number of changes for people across the country. As MarketWatch points out, the ACA resulted in higher deductibles and increased premiums for many people, which translates to more money out of consumers’ pockets.

Many people facing collections for medical debt that isn’t theirs

Being contacted by a debt collector in North Carolina can be very upsetting. Financial problems are a major source of stress for many people and collection agencies are not always friendly. Medical debt is quite common among people in the United States and is the source of many debt collection calls. However, a new study has found that many people do not actually owe the medical debts they are being contacted about.

What is a medical credit card and is getting one a good idea?

Dealing with unexpected medical expenses is a problem that many people in North Carolina face. Like a lot of families, you may not have enough savings or cash on hand to deal with such costs. Consequently, the bills often end up getting paid by credit card. According to NerdWallet, some companies have taken advantage of that fact and are now offering credit cards specifically for medical expenses.

An unexpected medical bill would be a huge setback for many

No one is ever really prepared to deal with an unanticipated medical situation in Durham. When an emergency arises, your first priority is to seek treatment. Only after the dust settles may it occur to you that you may not be able to afford the bill. At Wootton & Wootton, P.C., we understand that struggling with medical expenses can be stressful and overwhelming.

A look at which Americans are struggling to pay medical bills

When a medical emergency arises in North Carolina, most people’s thoughts are on getting the necessary care they need and not on how much it will cost. Unfortunately, once the crisis has been dealt with, many people do end up stuck with emergency room or hospital bills that they cannot afford to pay. Here is a look at who the people with the most medical debt are and where they live.

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Durham, NC 27705

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