In the United States, medical expenses are one of the main causes of financial stress for families. In fact, unpaid medical bills are the number one cause of bankruptcies in the country, affecting both citizens and immigrants. For those seeking immigration stability, accumulating medical debt can have serious consequences, including the risk that your financial situation may affect certain immigration processes.
The Impact of Medical Debt on Your Financial Stability
The U.S. healthcare system can generate high bills, even for basic services. Without adequate health insurance, a medical emergency can quickly become an unsustainable financial burden. Besides the high costs, failing to pay these debts can lead to:
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Damage to your credit score: Unpaid medical debts are reported to credit agencies, which can complicate access to housing, loans, and other essential financial opportunities.
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Legal actions: If not managed in time, medical service providers can take legal measures, further increasing costs.
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Immigration risks: Although medical debt alone does not directly affect immigration status, it can be considered a sign of financial instability, which might negatively influence certain processes, such as visa applications or permanent residency.
Avoid Becoming Part of the Statistics
Approximately 66% of bankruptcies in the United States are related to medical expenses. Protecting yourself with health insurance is one of the most effective ways to avoid falling into this situation. If you are ready to protect what matters most, take the time to review your options, verify what you need right now, and claim a free consultation here.