The Dangers of Medical Debt

Medical debt can be overwhelming, even if you have insurance. A new study from Clearpoint and the Kaiser Family Foundation found that many consumers with health insurance continue to struggle with medical bills. The bills can become dangerous to your finances if you avoid paying them or put them on a credit card. Typically, the bills won’t go on your credit report, and the interest rates are fairly low. But once you put these on a credit account, all of that is out the window, and you could be in trouble. Clearpoint’s Rebecca Gershowitz and NBC 12 of Richmond, VA explain more.