The Huggins Law Firm, PA
Call to Schedule a Free Consultation
Columbia 803-764-1558 Charleston 843-509-0039

Medical bills overwhelm many with high insurance deductibles

People in South Carolina with high deductible health insurance coverage often struggle to pay medical bills. Those with chronic conditions that force them to meet their deductibles every year especially face financial hardship. The National Center for Health Statistics from the Centers for Disease Control and Prevention defines such a plan as having a deductible of at least $1,300 for an individual and $2,600 for a family.

These plans often force users to pay co-pays on top of paying out of pocket to meet a deductible and qualify for coverage. A medical expense of $1,300 too often causes a financial crisis for numerous Americans. Even a $500 emergency often means cutting back on spending or seeking a loan. A study of adults between the ages of 18 and 64 who are in private insurance plans with high deductibles found that they have significantly more difficulty meeting medical expenses than people covered by plans with lower deductibles.

Financial problems often become worse when people take time off of work because of poor health or the need to care for a family member. They might lose income because of unpaid time off or even lose their jobs.

For these reasons, medical debt represents a common source of personal bankruptcy. People who are seeking a legal remedy to mounting bills might want to consult with an attorney about filing for Chapter 7. There are a set of eligibility and other requirements that must be met in order to be able to file. If those are satisfied and complied with, however, unpaid medical debt could be quickly discharged.

No Comments

Leave a comment
Comment Information

The Huggins Law Firm, PA

Columbia Office
1812 Lincoln Street
Suite 201
Columbia, SC 29201

Phone: 803-764-1558
Fax: 803-764-1563
Columbia Bankruptcy Office

Columbia Office

Charleston Office
925-D Wappoo Road
Charleston, SC 29407

Phone: 843-509-0039
Fax: 866-481-2325
Map & Directions

Charleston Office