Medical debt plagues many Jackson, Mississippi, residents just like you. It is overwhelming to face these debts and have no way to address them. This is particularly troubling for those who require ongoing care or treatment for an illness or injury. If you cannot pay your existing bills, how can you continue to receive the care you need?
According to the American Association of Retired Persons (AARP), there are a few ways you can address your medical debt. These options might not be right for everyone, but for those who qualify, they can be a lifesaver:
- Aid programs: If you qualify as low-income, you may be eligible for government programs such as Medicaid or other nonprofit programs. These can often address existing medical debt as well as any new debt you incur.
- Charity programs: Many hospitals now offer in-house financial aid to those who have trouble paying their bills. These programs may be available in both nonprofit and for-profit medical facilities. You may qualify even if your debt has already been sent to collections.
- Crowdfunding: The Internet is a tool that you can use to improve your financial situation. Crowdfunding through programs like GoFundMe often provides good results for those with crippling medical debt.
- Bankruptcy: Too many people rule out bankruptcy as an option to address medical debt. However, filing a chapter 7 or 13 bankruptcy is an extremely effective way to overcome financial hardships. In some cases, it is even possible to wipe out your medical bills altogether.
Before you decide that bankruptcy is not the answer for you, consider talking with an attorney. This can help you find a solution that will yield the greatest benefits for your unique situation.