How to Keep Medical Costs Low
![image description](https://neweradebtsolutions.com/wp-content/uploads/2018/09/New-Era-How-to-Keep-Medical-Costs-Low-452x301.jpg)
There is a common misconception about people who struggle with managing their finances. They are burdened by prejudgments made by people that immediately dismiss them as individuals unable to control their spending. This could not be further from the truth in most cases. There is one type of expense that has created financial burdens for consumers, and it has been a large contributing factor as to why individuals file for bankruptcy.
What is the burdensome expense?
Medical bills have been the top reason why people file for bankruptcy to gain control of their finances. The National Bankruptcy Forum provides some surprising statistics about medical debt, including that the United States spends more on health care per person than any other country in the world. The good news is that less people are in medical debt than 5 years ago, but the issue still persists. Some cannot imagine why anyone would willingly file for bankruptcy, but when there are not many options left, it is understandable.
How can you keep costs manageable?
It may be easy for someone to offer the following advice: focus on your health to avoid burdensome medical costs. Even the healthiest individuals and their families can still need expensive medical attention throughout the span of their lives. Life is unexpected and can present challenges regardless of how proactive you are. What you can do is try to avoid putting medical expenses on credit cards, as the interest rates can create debt that snowballs out of control. Some medical bills can easily be lowered through payment plans with the potential to avoid interest altogether. Get in touch with them ahead of time to determine what your options are before you put anything on a credit card.
Medical costs can also become less of a burden by reaping the rewards of a group insurance plan from your employer. There are ways to get affordable coverage when your employer does not offer it. You will need to do some research to find the option that works for you, as requirements will vary by state. Outside of monthly health insurance costs, prescriptions can also create additional financial burdens. Can you buy a prescription at wholesale stores that have pharmacies? Can you ask your doctor for a prescription that is just as effective but is also affordable? There are options when trying to lower your health care costs.
Are there alternatives to bankruptcy?
There are several financial solutions and tools you can take advantage of to better manage your money. Bankruptcy may be a practical solution for some people, but it does not work for everyone facing financial hardships. The long-term, damaging effects of bankruptcy can also do more harm than good. Debt settlement is a debt reduction option that allows individuals to take a proactive approach in achieving financial freedom.
In finding the right debt settlement company to help you achieve your goals, it is crucial to do some research. There are plenty of unethical companies ready to take your money without delivering results. New Era’s knowledgeable and accessible staff keeps our clients in control of their money without demanding upfront fees or payment until your results are delivered.
Do you need help achieving financial freedom? Contact one of our friendly counselors at New Era Debt Solutions to learn more about finding the debt relief option that best fits your needs and budget. We can help you settle any credit card debt you have accumulated due to medical expenses. We look forward to getting to know you and creating a plan designed just for you. Our counselors are with you every step of the way.