Each year, due to being uninsured or having inadequate medical insurance, 500,000 Americans, representing almost half of all yearly personal bankruptcy filings, file for bankruptcy due to illnesses and unpaid medical bills. According to Harvard study by Professor, Elizabeth Warren, “people burdened by medical debt are mostly middle-class or working-class homeowners.” Another Harvard study reports “the average out-of-pocket medical debt for those who filed for bankruptcy is $12,000” and that “68% of those who filed for bankruptcy had health insurance.”

Sadly, too many underinsured working class who are unable to cover their mounting medical bills, blindly resort to bankruptcy as the only solution to their problems not realizing the added emotional and financial distress that bankruptcy causes, such as the forfeiture of their homes or assets, their inability to obtain credit, and their victimization by predatory lenders.

Unfortunately, most Americans do not have access to affordable health insurance. Even if you can pay for your own health insurance, in addition to paying high premiums, you may be frequently overwhelmed by high co-payments and deductibles. Plus your medical insurance policy may exclude vital health care needs, such as psychiatric, chiropractic, and prescription drug coverage. As a result, many people have seen no other choice but to pay for their costly medical expenses through their credit cards or trough loans using the equity on their homes.

If you see yourself in any of the above situations and a prolonged illness strikes causing you to lose your job, you may see no other option but to do bankruptcy. But before you are forced to take the bankruptcy route, there is hope to counter exorbitant medical bills, by hiring a professional Medical Debt Negotiator. Doing so may help you reduce your total debt by up to 70% and allow your finances to become more manageable. Using the services of our EXPERT MEDICAL DEBT LIQUIDATION SPECIALISTS can help you reduce your medical debt including:

• Hospital bills
• Doctor bills
• Dental bills
• Past due accounts
• Medical collection accounts
• Disputed hospital and doctor bills
• Medical judgments

MEDICAL DEBT SETTLEMENT EXAMPLES

Below are some of the types of medical debt that we have settled for some of our clients: