For Illinois households left without group health insurance coverage, an unexpected calamity or condition requiring hospitalization can wreck budgets and destroy a lifetime’s savings in just a matter of weeks, even days. Whether because they’re victims of the continuing plague of joblessness or instead have found work in one of the sectors of the economy that does not (or, at least, that no longer feels compelled to) offer group health insurance packages, so many careful and responsible men and women simply cannot afford the extremely expensive bills modern medical care almost guarantees. In fact, these days, even a visit to a doctor’s office for a badly strained ankle or refill of much needed prescription pharmaceuticals would lead many families suffering from tightened purse strings to resort to adding the price of medical service to credit card debt accounts probably already straining the limits of the available balance.
State sponsored studies have repeatedly demonstrated that the demand for debt relief has risen in tandem with the decline of the group health insurance IL option. For all of the men and women nervously guiding their loved ones through the rigors of modern life without access to a group health insurance plan put in place through an employer or a trade association, the availability of medical coverage for the families of the otherwise uninsured could come at an expense that may well be impossible to cover through traditional means. In the incidence of medical emergency, men and women without employment would still receive treatment from any licensed hospital under federal law – as well as the auspices of the Hippocratic oath sworn by all physicians – but the coming bills would almost certainly be beyond the ability of the patients to reasonably compensate the facility in the foreseeable future, regardless of future employment prospects.
Lay away plans set up by the hospital administrative staff (sadly grown used to such circumstances, as more and more Americans in and outside of Illinois fail to qualify for group health insurance packages or budget the extravagant expenses of individual plans) do finance medical loans for low income patients at surprisingly reasonable Annual Percentage Rates. Regardless, though, once the men and women recognize just how many years or even decades it would take to pay off the entirety of their obligations to their health care providers, they have more than sufficient reason than to begin scrambling to find some method of debt relief for the bills that may well appear towering. Indeed, with people without group health insurance coverage, their medical debt rivals credit card debt as a financial burden.
It almost goes without saying that any bills resulting from serious procedures or an extended stint of hospitalization will force families into a stringent program of debt relief, which may potentially even lead to the increasingly desperate avenue of bankruptcy protection. While there may well be cause for humility for those spend thrifts and scoff laws that rack up credit card debt accounts on consumer comforts or a glamorous life style adding up to a price tag that they never intended to satisfy, that’s hardly the case for the many residents Illinois who end up filing for bankruptcy debt relief aid purely because medical attention for their loved ones left them with accumulated financial obligations totaling more than the value of their house. There are other and better methods than bankruptcy, of course, but the patients turned to borrowers after failing to find group health insurance should not be afraid to use whatever means of debt relief are available as a restorative measure.