To some individuals, medical expenses may be considered a necessary evil that must be paid. However, there are some Ohio residents who may be more greatly affected by these expenses and have difficulty paying off their bills. Medical debt can create a tough financial situation for individuals who have accumulated a considerable amount of medical expenses. 

Medical bills can quickly lead to collections calls if the bills are not paid in a timely manner. Unfortunately, not all individuals are able to pay their bills before these calls start. As a result, they may find the stress of their debt becoming more burdensome as they must deal with collections issues. It was reported that one out of five individuals have medical debt on their credit reports. 

Some parties may think that this problem only affects individuals who do not have insurance, but that is not the case. Even individuals with insurance can face unexpected expenses. They may have been under the impression that a certain procedure or provider was covered under their plan only to find out that it was not covered. As a result, individuals could suddenly find themselves owing hundreds or thousands of dollars.

Medical debt can come about quite unexpectedly, and individuals may have a hard time dealing with their bills. If the situation becomes overwhelming, parties may wish to consider their options for debt relief. Ohio residents who are concerned about their medical bills may wish to explore bankruptcy options to determine whether this route could benefit their circumstances and help them regain financial stability.

Source: CNBC, “Avoid the pain of a surprise medical bill“, Kelli B. Grant, Aug. 28, 2015