Health crisis can cause more than just illness

As we approach the presidential election in November, we are sure to hear more about the big issues facing Americans today.  One issue that is not receiving as much attention as it should is health care and the sky-rocketing costs of  both insurance premiums and all other costs associated with medical care.

These costs can escalate to a crisis level if you have any type of major illness, accident or emergency.  And while the rising medical costs tend to really affect seniors (who can afford it least), no one is immune. With insurance companies paying less and less on each claim, any sudden accident or illness can have devastating financial impacts. Even when you are insured, a major accident or illness can cost far more than you can pay. For the uninsured, the costs are exorbitant.

Many Americans are finding themselves in debt with medical bills they can’t pay off. Often times, the situation is compounded by the fact that they were out of work during the time of illness and may have lost wages as well.

Medical debts are the leading factor in one out of every 20 bankruptcies. Typical health care debt is $25,000.  The typical victim is a senior on a fixed income. The typical scenario: pricey prescriptions bought on high-interest credit cards.

Don't let medical bills send you to bankruptcy.  You can settle those debts, get them paid off, and get your mental, physical, and financial health back on track!