Last Updated on Apr 14, 2020 by James W
If you have had the misfortune to get sick, or even get injured the last thing that you need is to end up worrying about is debt. In fact, what you will really want to be focused on is getting well, and the stress from money problems can actually really interfere with that. That is why it’s best to get some advice on how to stay out of debt just like we have provided below.
Things can be tough enough when you are injured, without having financial issues as well.
Can’t work
One of the biggest issues that those that have been injured or fallen ill come up against is the fact that they can no longer work. Obviously, this can be a huge problem because not only does it disrupt their sense of self-worth and usual routine but also creates stress around money and whether they can maintain your families current lifestyle.
There is some help available for people out there that do find themselves in this situation though. However, applying to the government for disability is often blocked the first few time, and it can take legal assistance to allow you to get the claim that you are entitled to. Something that makes having a plan B such as an alternative income from investment a smart idea.
Medical bills
Medical bills are also a huge source of stress for those who find themselves ill or injured and in need of care. This is because In the US the hospital system is run as a free market. That means even simple treatments such as a saline drip that actually cost around a dollar to manufacture and administer can be priced at anything up to $800 on your bill. Outrageous it is, but under the current government, there is no sign of this changing anytime soon.
With that in mind, those that have health problems need to ensure they are smart about how they deal with the costs that they can incur. One way to do this is to conduct a personal injury attorney if you have become sick or injured through no fault of your own. They can then help you make a case against the responsible party. Something that can result in substantial compensation which can then be used to offset your high medical bills.
Another option is to seek out clinics that offer means tested or discounted rates. Although these tend to be few and far between and getting long-term care from them can be tough.
Need help around the home
Often those that are ill or injured can struggle to do things that they would normally do for themselves including cleaning their home, feeding themselves, and getting dressed each day. Many people employed home help to assist them with this, but of course, this can be a real strain on their finances.
A more frugal alternative to this is to seek out help from relatives or charity organizations, sometimes run by religious groups that can provide daily help in the home for those that are struggling. Of course, being able to access this often depends on your group membership and the community ethic within such an organisation. Something that may mean it is usually not as regular and dependable a service as the type of care that you pay for.
