Medical debt can blindside you when you least expect it. It could be as simple as a small injury that needs an x-ray and stitches, or perhaps an emergency appendectomy; it could also be as huge as a quadruple by-pass, or a hip replacement. Either way, you could be ahead financially one day, and $100k in debt the next.
The percentage of Americans that are struggling with medical debt has grown 3.5% per year since 2005. This is pathetic to me. The cost of medical procedures is extraordinary, and many health insurance plans don’t help much… if you can even get on an insurance plan at all.
I came upon this link in CNN yesterday morning that might help you, if you think you are in danger of falling deeply into medical debt. You should act on these tips as soon as you realize you owe. Five mistakes that will land you in medical debt.