CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Medical Bills can Lead to Debt even with the Affordable Care Act

Many Americans in need of unexpected emergent care or suffering from chronic illness may already be dealing with the financial hardships that medical debt can bring. The Affordable Care Act is — many believe — supposed to provide some sort of relief to those constantly facing medical bills due to ongoing illness. Unfortunately, even though some insurances may cover more items, out-of-pocket expenses for some could sky-rocket, keeping the cost of care still unaffordable. Florida residents who may be burdened by medical bills could have legal options to help relieve some of their debts and still have access to the care they desperately need.

While the new health care law may in fact be a benefit for many, for others it will still leave them underinsured and forced to pay more money out-of-pocket to cover yearly deductibles. When considering the average pay of a service job worker, which averages to about $24,000 per year; while they may qualify for subsidies to have premiums reduced, could face a deductible of over $5,000 for medical expenses, which is more than 20% of their annual income. That places a significant fiscal burden when finances are already horribly tight.

When considering new health coverage, comparing all plans and shopping around is important. Also, taking into account any existing medical issues can help in determining the best possible policy for an individual or family. Hopefully the majority of people can find a plan that won’t lead to significant debt due to medical expenses should anything happen to them.

While — thankfully — more people should have access to coverage for medical care, it doesn’t help the fact that some medical expenses simply aren’t covered or are extremely expensive. Florida residents who have done all they can to find affordable access to health care may still find themselves drowning in debt. Anyone burdened by mounting medical bills may have legal options available to them to provide desperately needed debt relief, such as the possibility of filing for bankruptcy protection.

Source: New York Post, ObamaCare forces poor cancer patients into crippling debt, No author, Jan. 4, 2014

Archive

Tampa Bankruptcy Law Blog

I’m Unemployed. Can I Still File for Bankruptcy?

Unemployed Bankruptcy Being in debt is bad enough, but if you’ve lost your job recently or accumulated debt because of...
Read More

How Will Filing for Bankruptcy Affect My Credit?

Will Bankruptcy Affect My Credit? Not paying your bills affects your credit negatively. And yet problems with credit are one...
Read More

Behind or In Default on Your Student Loan? Here’s What You Should Know

Student Loan Default If you’ve fallen behind on student loan payments or your student loans are in default, you aren’t...
Read More

Will Bankrutcy Affect My Job? Learn How Filing Affects You in the Workplace

Will Bankruptcy Affect My Job? Filing for bankruptcy raises many considerations. One of the most important is whether or not...
Read More

Can Bankruptcy Help Me If I’m Behind on Child Support?

Bankruptcy and Child Support Bankruptcy can help you with a lot of things. It can help you stop calls from...
Read More

Can You File for Bankruptcy When You’re Unemployed?

Bankruptcy and Unemployment Being in debt is bad enough, but if you’ve lost your job recently or accumulated debt because...
Read More

Bankruptcy and Eviction History

Eviction With the rate of evictions on the rise in recent months and the expectations that eviction numbers will grow,...
Read More

What to Expect Once You’ve Decided to File Bankruptcy from Home

File Bankruptcy from Home There are a few things that happen when you file bankruptcy from home. An automatic stay...
Read More

Will Filing for Bankruptcy Affect My Job Search? What You Need to Know about Unemployment and Bankruptcy

Unemployment and Bankruptcy Searching for a job when you are faced with a dire financial situation is difficult. If you’ve...
Read More

Will I Need to Go to Court If I File for Bankruptcy?

File for Bankruptcy from Home One of the most intimidating aspects of filing for bankruptcy is meeting in person with...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

NACBA Logo comodo avvo1 avvo2 avvo3 LEA BBB Logo RG Seal

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions