Are we just one injury or illness to bankruptcy?

Of the hospital to bankruptcy court is the title of a recent article in the New York Times, which gets to the heart of why we need health care reform. You might have a job that offers health insurance, but health insurance has a cap on how much to numbers on the life of the policy. Add limit, your deductible and excess say by 20% and have a recipe for financial disaster and a prime bankruptcy case.

If you are experiencing with medical debt, use your credit cards, home equity, or any other financing this debt to pay. You're only adding interest to that debt and avoid probably inevitable bankruptcy.What is worse, that if you use home equity, you later could lose your home if you behind on your mortgage fallen.ergreifen measures earlier, to decide on your options, you could help to avoid a financial conflict with the bankruptcy court.

First you will cover sure that understand the limits on your health insurance plan and if you expect large medical expenses, check if your employer offers a benefit plan you where cash is taken from your paycheck before taxes dollars in advance medical costs erwartet.Was which means essentially you save on income tax, that the money in advance, in contrast to it later on your tax deduction payable.If you have already paid money, then make sure you medical bills with your after tax it deduct on your tax return.

Secondly have gone medical bills, the collections, make an effort, that debt to verhandeln.Leider If invoices completely from the are your ability to pay, you need to consult with a bankruptcy lawyer, that will help the right bankruptcy chapter for you file and get that debt entlassen.Denken remember you have to go broke in file bankruptcy and you should consult a bankruptcy lawyer, before debt play roulette and using credit cards or savings for medical bills to pay, because medical debts in bankruptcy can be dismissed.

From: Los Angeles bankruptcy law monitor

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