Many Tennessee residents have seen their incomes shrink and their health expenses grow. Job loss or a reduction in hours can have a huge impact on the ability to pay anything but essentials like utilities, mortgage/rent and car payments. Medical bills, credit card...
Medical Debt
These 5 issues often spark financial crisis
On behalf of William E. Maddox Jr., L.L.C. | Sep 17, 2020 | Medical Debt
Many Tennessee residents keep close tabs on their finances. Then again, most do not have a financial degree of any kind but simply try to stay within budget and review their financial status every month or so. Either way, there’s no way to guarantee that financial...
Heavy medical debt can take away everything
On behalf of William E. Maddox Jr., L.L.C. | Jul 29, 2020 | Medical Debt
If you get sick or seriously injured, you might have to prepare for hefty bills. Your health insurance may require you to pay a high deductible or refuse to cover specific procedures or treatments -- if you have insurance at all. Every year, through no fault of their...
Medical debt is a major problem for many Tennessee patients
On behalf of William E. Maddox Jr., L.L.C. | Apr 13, 2020 | Medical Debt
Medical care is expensive, even for those in Tennessee who have insurance. A hospital stay, prolonged illness or traumatic injury can result in bills that can quickly overwhelm a patient and family. Insurance doesn't always cover every aspect of a patient's care, and...
Medical debt remains major concern for many Americans
On behalf of William E. Maddox Jr., L.L.C. | Feb 18, 2020 | Medical Debt
Falling behind on payments for certain types of debt can lead to a number of unpleasant consequences. From wage garnishment to constant phone calls from debt collectors, owing a significant amount of debt can be stressful and overwhelming. One of the most common...
Harsh collection practices over medical debt garners criticism
On behalf of William E. Maddox Jr., L.L.C. | Jan 6, 2020 | Medical Debt
Medical care is expensive, even for those who have insurance and decent salaries. People of all income levels are susceptible to the extensive impact that unexpected medical debt can have, a type of burden that can quickly wipe out a person's savings and leave him or...
When medical debt and credit card debt go hand in hand
On behalf of William E. Maddox Jr., L.L.C. | Dec 16, 2019 | Medical Debt
When people have financial struggles, it is often for reasons beyond their control, such as a medical emergency or loss of a job. An unexpected illness or surgery can result in medical debt that a person cannot effectively manage on his or her own. As a result, a...
More people facing lawsuits as a result of their medical debt
On behalf of William E. Maddox Jr., L.L.C. | Nov 10, 2019 | Medical Debt
Medical care is expensive, even for people who have health insurance. When a Tennessee resident goes in for surgery, needs diagnostic testing or has to visit the emergency room, he or she may find bills from the hospital or doctor in the mailbox a few weeks later....
Medical debt continues to be a problem for many Americans
On behalf of William E. Maddox Jr., L.L.C. | Oct 1, 2019 | Medical Debt
Bills related to medical care and emergency needs are a significant financial burden for many in Tennessee and across the country. Even people with steady jobs, reasonable income and health insurance find themselves facing insurmountable medical debt after a procedure...
Potential legislation may help those with surprise medical debt
On behalf of William E. Maddox Jr., L.L.C. | Aug 12, 2019 | Medical Debt
When a Tennessee resident has medical insurance, he or she may not expect to have to pay much out of pocket when visiting a doctor, going to the emergency room or scheduling a necessary procedure. Unfortunately, many actually find themselves facing unexpected medical...
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