How to Get Rid of Medical Debt For Good

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 21 September 2022

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Did you know there is $195 billion of medical debt outstanding? And, in fact, medical debt is the leading cause of bankruptcy here in the U.S. If you’ve been to the hospital or even a Dr. recently you know, even with insurance, getting healthcare in the country means you often have to pay out of pocket in a big way. The truth is you shouldn’t be put in financial ruin for walking through the door of a hospital or medical provider. We are human beings that all deserve to have affordable and accessible medical care. End of story. However, as our guest, Allison Sesso, Executive Director of RIP Medical Debt says, “the system wasn’t set up for your success in the first place.” Allison joins us on a riveting episode uncovering the who, what, when, where, and why behind medical debt and offers some great advice if you are currently in medical debt. Some of her advice includes knowing hospital financial assistance programs, never putting medical debt on a credit card, and making sure you know the loopholes in your insurance plan. We dig deep into this episode to give you an education and actionable tips. LINKS RIP Medical Debt Support a Medical Debt Campaign SPONSORS Thanks to Chime for sponsoring the show. Get started with Chime today. Applying for a free account takes less than 2 minutes. Get started at chime.com/mymoney. Thanks to The Personal Finance Podcast for sponsoring this episode. Find The Personal Finance Podcast on any podcast player. Thanks to Shopify for sponsoring the show. Shopify is more than a store. Connect with your customers. Drive sales. Manage your day-to-day. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. LEAVE US A REVIEW Leave us an honest rating and review, pretty please. Head to the podcast player you’re listening to this episode in to leave us a review or you can click here to leave a review for Everyone's Talkin' Money podcast on Apple Podcasts. Love this episode. Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode! GOT A QUESTION? Have a Shannah Shares question? Submit your question here https://bit.ly/shannahshares MORE MONEY TIPS Follow Me on Instagram for more money tips and behind-the-scenes information https://www.instagram.com/shannahgame FREE GUIDES + RESOURCES Download our FREE Top 25 Episode Guide See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Ready to launch your business? Get started with the commerce platform made for entrepreneurs. Shopify is specially designed to help you start, run and grow your business with easy customizable themes that let you build your brand, marketing tools that get your products out there. Integrated shipping solutions that actually save you time. From startups to scaleups, online in-person and on the go. Shopify is made for
0:22.8	entrepreneurs like you. Sign up for your $1 a month trial at Shopify.com slash setup. The mental health anguish is really significant for individuals.
0:44.9	I just want everyone to know that it is not your fault.
0:49.0	The system is designed to actually create medical debt, unfortunately.
0:54.3	I don't know if that was like, it's not like an intentional thing that like, it's like,
0:58.5	let's create a system that creates medical debt.
1:00.3	But it is a feature.
1:01.5	I mean, it really is a feature today of our system.
1:07.3	Welcome to everyone's talking money podcast.
1:10.3	I'm your host, Shawna Game. There's no judgment,
1:14.1	no dumb questions, just smart conversations about you and your money. So come on in and grab a seat.
1:20.8	Everyone is welcome here.
1:34.2	Did you know there is $195 billion of medical debt outstanding?
1:39.3	And in fact, medical debt is the leading cause of bankruptcy here in the U.S.
1:44.4	If you have been to a hospital or even a doctor recently, you know even with insurance, getting health care in this country means you often have to pay out of pocket in a big way.
1:48.6	That is frustrating, my friend.
1:51.2	My dear friend, Shannon, she died of cancer a few years ago, and she was staring down piles
1:57.1	of bills all while trying to fight a terminal disease.
2:00.6	And that was with good at health insurance.
2:02.8	That is unacceptable to me. The truth is, you shouldn't be put in financial ruin for walking
2:08.8	through the door to a hospital or a medical provider. We are all human beings the last time I checked
2:14.4	and we all deserve to have affordable and accessible medical care.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Shari Rash, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Shari Rash and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.