SAN MATEO, Calif., Dec. 13, 2017 /PRNewswire/ -- As health care premiums and expenses are rising this year, so is medical
Open enrollment closes by Dec. 15 for most individuals purchasing health insurance on the health care marketplace, and open enrollment periods are closing with many employers. Nationwide, people are experiencing pricing sticker shock. Health plan premiums are increasing by as much as 50 percent in some states. With annual health insurance premiums averaging $18,764 per family in 2017 and medical coverage costs rising from 6.5 percent of household median income in 2006 to 10.1 percent of household median income in 2016, many consumers are feeling the pinch.
"Rising medical costs are most evident for people who buy their own health coverage, and for those who receive little to no help with premiums from their employers," says Freedom Debt Relief's Housser. "But with today's increasing employee contributions and high-deductible plans, serious problems are in store for those who have a serious medical issue. Even people with good insurance can be responsible for thousands of dollars in medical bills."
More than one in four Americans say that someone in their household struggles to pay medical bills. In addition to the financial challenge, the high cost of medical care leads many people to put off needed care because of its cost. However, postponing treatment or skipping needed medications may lead to more extensive and costly health problems later.
Housser and Freedom Debt Relief, a trusted debt relief provider of debt-help services nationwide, offer these tips for people who are struggling to stay out of medical debt.
People who are struggling with debt – including medical debt – may benefit from getting help from a debt relief company such as Freedom Debt Relief, which has an A+ rating from the Better Business Bureau, says Housser.
Freedom Debt Relief Co-founded by Andrew Housser and Brad Stroh, Freedom Debt Relief is a subsidiary of Freedom Financial Network, LLC, a family of companies providing innovative solutions that empower people to live healthier financial lives. For people struggling with debt, Freedom Debt Relief offers a custom program to significantly reduce and resolve what they owe more quickly than they could on their own. For more information about the company and its services, see www.freedomdebtrelief.com/what-we-do.
Headquartered in San Mateo, California, Freedom Debt Relief also operates an office in Tempe, Arizona, and employs roughly 2,000 people. The company has been voted one of the best places to work in both the San Francisco Bay area and the Phoenix area for several years.
Contact: Aimee Bennett, Fagan Business Communications, 303-843-9840, firstname.lastname@example.org
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SOURCE Freedom Debt Relief
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