Last year if you told Americans that a pandemic in 2020 would shut down the nation and lead to a national lockdown they probably would have thought you were out of control. But here we are nearly a year later still learning about the COVID-19 virus and how to fight it. With new hope through recently approved vaccines, we are only just beginning to look to the other side. On top of all the anxiety and fear caused by this pandemic, we also must manage other stressors and worries caused by health-related bankruptcy that looms for millions of us.
- Increasing Health Issues: Pandemic related stressors including: depression, weight gain, and failure to seek medical treatment and medication out of fear of contracting COVID-19 have spiked this past year. Compounded with the loss of jobs, loss of health insurance coverage and costly treatments, the pandemic has negatively affected Americans with serious health problems.
- Bills that Can’t Be Paid: With the loss of jobs and in turn healthcare coverage, millions of Americans have been left stranded with hefty medical bills. Prior to the pandemic, a study had shown 66.5% of all personal bankruptcies are linked to medical issues. 15% of adults said that at least one person in their household has medical debt that they will not be able to repay within the next year.
- Nobody to Advocate: There is little to no resources in these situations and oftentimes bills end up being sent to collection agencies. Desperate, up to 25% of adults said they would have to borrow money to pay a $500 medical bill. An overwhelming number of people do not even know they can negotiate their bill and setup repayment terms.
We know this is a tough time for everyone all over our country, but we want to help. If you or a loved one is stuck with medical bills that they cannot afford to pay, contact our team now and let us explain how to start the process (833)-765-2627 or visit us online here.