Health Care: Your Money or Your Life
A few years ago, one of my good friends was seriously injured in a car accident and spent several months in the ICU and recovery. He underwent emergency surgery, during which his doctor took an out-of-network doctor for help, without his knowledge or consent. With this, his insurance refused to cover the surgeon's $ 85,000 bill. With copayes, deductibles and expenses but not the network, which was left on the $ 245,000 hook had not done so. His friends tried to raise funds and a boot pedal campaign, but it was not enough. Ultimately, the bankruptcy of being alive ... my friend and was one of the lucky ones . Health Insurance: Better Dead Than Deadbeat? What happens if you can't pay a medical bill ? Typically, the hospital or doctor - or a vulture collection agency that's bought your debt - will sue you and obtain a judgment lien filed against your home and bank accounts. They'll also garnish a percentage of your employment earnings. Of course, before it g...