Are you ignoring that strange pain? Have you opted to suffer with your symptoms rather than refill a prescription? Are you postponing a medical screening or checkup? If any of these risky decisions is the result of your financial struggles, you are not alone. If you are between the ages of 27 and 45, you may be among millions in your age bracket who have outstanding medical bills.
Medical bills are reportedly the most frequent expenses to go to collections. However, it is not uncommon for those with medical debt to also have other overdue bills, such as credit cards and mortgages. In fact, you may have no choice but to pay for a doctor visit with a credit card or risk letting your car payment go to collections to cover the medical expense. This places you and many of your generation in financial crisis mode.