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How The Lack Of Health Insurance Jeopardizes Your Financial Health

Medical debt is one of the leading causes of bankruptcy; but for some reason this fact has not convinced many Americans to make sure they are fully insured. Ways that the lack of health insurance jeopardizes your financial health: When you don't have health insurance you tend to avoid going for checkups and could miss [...]

By |2018-11-16T22:50:56+00:00October 19th, 2010|Medical Bills|Comments Off on How The Lack Of Health Insurance Jeopardizes Your Financial Health

Three Changes That May Keep Some College Graduates Out Of Bankruptcy

Extended dependent healthcare coverage for unmarried children up to the age of 26. Under the health care bill, as of September 23, 2010 (if all goes as planned) many youth will have access to their parents' healthcare coverage through college and even afterwards during a time when many college graduates struggle financially.  In recent years [...]

By |2018-11-14T16:42:58+00:00June 8th, 2010|Bankruptcy, Credit and Bankruptcy, Managing Your Finances, Medical Bills, Student Loans|Comments Off on Three Changes That May Keep Some College Graduates Out Of Bankruptcy

Is Medical Debt Causing Hospital Bankruptcy Filings?

The country has been hit by a string of hospital bankruptcy filings and closings that could impact healthcare access for many communities. St. Vincent's Hospital is the latest hospital to file Chapter 11 bankruptcy in the hope that the bankruptcy filing will allow it to continue operating and caring for its patients until it closes.  [...]

By |2018-11-13T19:49:33+00:00May 22nd, 2010|Bankruptcy, Chapter 11 Bankruptcy, Economy, Medical Bills|Comments Off on Is Medical Debt Causing Hospital Bankruptcy Filings?

President Obama Signs Health Care Reform Bill

President Obama has signed the landmark $875 billion health care reform bill into law at the White House. In our previous blog we discussed changes that could take effect immediately. Below are some changes that could take effect by 2016: • New health insurance subsidies would be provided to families of four making up to [...]

By |2018-11-13T21:33:21+00:00April 30th, 2010|Bankruptcy, Economy, Managing Your Finances, Medical Bills|Comments Off on President Obama Signs Health Care Reform Bill

Will The New Health Care Bill Reduce Medical Bankruptcy?

Sunday night, legislators in the House of Representatives voted for the historic health care reform bill which will be signed into law on Tuesday by President Obama.  But will this shift in how Americans receive health care impact the number of medical bankruptcies in this country.  Well let's take a look at some of the [...]

By |2018-11-16T22:02:37+00:00April 2nd, 2010|Bankruptcy, Economy, Medical Bills|Comments Off on Will The New Health Care Bill Reduce Medical Bankruptcy?

More Medical Debt For Senior Citizens As Healthcare Costs Rise

More senior citizens may face mounting medical debt as monthly premiums rise on popular Medicare Advantage plans with drug benefits. Senior citizens enrolled in Medicare Advantage plans with drug benefits will see an increase of 14.2 percent for their monthly premiums this year as opposed to the 5.2 percent increase they experienced from 2008 to [...]

By |2018-11-16T22:19:54+00:00March 29th, 2010|Economy, Medical Bills|Comments Off on More Medical Debt For Senior Citizens As Healthcare Costs Rise

Can A Health Care Overhaul Reduce Medical Bankruptcy?

The Obama administration and legislators are currently debating the feasibility of health care reform. Senate majority Leader Harry Reid made an interesting observation about how medical debt often influences a debtor's decision to file for bankruptcy: "In 2008, about 750,000 bankruptcies were filed. About 70 percent of those bankruptcies were filed because of health care [...]

By |2018-11-19T20:31:19+00:00March 22nd, 2010|Bankruptcy, Economy, Medical Bills|Comments Off on Can A Health Care Overhaul Reduce Medical Bankruptcy?

Four Tips For The Post Bankruptcy You

Bankruptcy offers debtors the chance at a fresh financial start.  But what does a debtor do once their debt has been discharged and their bankruptcy case closed? Tips every post bankruptcy debtor should follow: Live within your means. Debtors exiting bankruptcy must learn to rely less on debt and more on the real income they [...]

By |2018-11-12T21:52:23+00:00March 22nd, 2010|After Bankruptcy, Bankruptcy, Bankruptcy Q&A, Economy, Managing Your Finances, Medical Bills|Comments Off on Four Tips For The Post Bankruptcy You

Even “The Hulkster” Can’t Wrestle With Medical Debt

Hulk Hogan Files Bankruptcy During wrestling celebrity Hulk Hogan's (Terry Bollea) divorce from Linda Hogan (Linda Bollea) finances were a constant point of battle. His ex-wife accused him of hiding assets and Hulk Hogan claimed that he was drowning in medical debt .Here's a snapshot of just what that battle looked like back in March: [...]

By |2017-12-13T01:39:50+00:00February 5th, 2010|High-Profile Bankruptcies, Medical Bills|Comments Off on Even “The Hulkster” Can’t Wrestle With Medical Debt

An Increase In Job Losses May Cause More Seniors To File Bankruptcy

Older workers have suffered terribly during this recession.  On average it takes an older worker much longer than their younger counterparts to find new employment and employment that pays at least a living wage. And unfortunately, the number of unemployed older workers has increased dramatically. The number of unemployed workers age 55 to 64 has [...]

By |2018-11-13T17:13:17+00:00February 4th, 2010|Bankruptcy, Managing Your Finances, Medical Bills|Comments Off on An Increase In Job Losses May Cause More Seniors To File Bankruptcy