People diagnosed with cancer now have a better prognosis than ever before in human history. There are many types of treatment available that can lead to remission or cancer-free status for a patient.
Immunotherapy, surgery, radiation and chemotherapy are all common components of a cancer treatment plan. People with cancer often undergo intensive treatment for months or even longer than a year. Once doctors declare treatment successful and discharge the patient, they then face a new battle.
Specifically, they may have major medical bills to cover. Many recent cancer survivors choose to file for bankruptcy to address the debt that accrued during their treatment.
Medical collections are stressful
Cancer care is expensive, and those undergoing treatment often cannot work until they recover. Hospitals and other medical businesses are not necessarily forgiving about financial obligations. Many medical companies have in-house collection teams that might regularly call individuals with large balances.
Hospitals and other care providers may even file lawsuits against recent cancer patients. People could be at risk of liens placed against their homes or wage garnishment when they return to work.
Additionally, the stress that they experience could negatively affect their health. In fact, some research indicates that high levels of stress increase the likelihood of dying from cancer.
Patients who want to move on with their lives after cancer treatment may find that bankruptcy is their best option. They can eliminate their debts and protect their resources, as well as their future income.
Discussing overwhelming medical debts and collection efforts with a skilled legal team can help people evaluate their options. A successful bankruptcy filing can eliminate financial stress and let patients focus on rebuilding their lives, rather than managing the financial fallout after cancer treatment.
