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Medical debt remains a common concern for many

On Behalf of | Nov 3, 2022 | Bankruptcy Law

Many individuals may experience a situation in life in which it is necessary to visit a medical facility for treatment. Unfortunately, it could take little more than a one-time trip to the emergency room to leave a person facing a significant financial hurdle and the costs involved may only continue to increase with the need for further treatment. Medical debt is an issue that continues to affect the lives of many and individuals in Maryland who face similar concerns might not always know how to pursue relief from similar forms of financial strain. 

Recent studies 

According to recent studies, there are more than 23 million adults in America who carry significant levels of medical debt. Three million of those involved in this study reportedly owe balances on medical bills that are greater than $10,000. This study also indicates that those with medical debt provided insight into how it has affected their lives and admitted that they felt forced to cut down spending on necessities such as food and clothing to help keep up with obligations. 

One of the most troubling aspects of medical debt may pertain to the notion that it might not only be an issue for those without insurance. Even those who carry health insurance may have high deductibles to meet and they might not always find it possible to create enough of a safety net to cover these costs. The topic of medical debt could also cause some to be afraid to even seek treatment, even if going without medical care due to similar concerns might not always be the best path. 

The options 

Medical debt remains a common concern for many individuals and facing similar sources of financial strain can be a harrowing process. Those who struggle under the weight of debt and wish to pursue relief might choose to speak with a bankruptcy attorney for advice in carefully evaluating their available options. An attorney can address the situation a client is facing and assist in developing a strategy with which to reduce or eliminate his or her debts through the proper outlets.