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New Health Factors That Could Cost You Even More Atlanta, GA

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New Health Factors That Could Cost You Even More

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Medical debt has long been a common contributing factor in clients choosing to file bankruptcy. Rising insurance costs and medical costs leave many people across Georgia and the United States struggling with ballooning payments for care. And, in an economy with high inflation and rising costs for virtually everything, this can spell financial doom.

Medical Debt and Credit Cards

Credit cards are a frequent recourse when patients are under insured, face high deductibles or lack medical insurance and have outstanding treatment costs. Kaiser Health News and NPR released a joint report that estimates about 16% of adults are paying off medical or dental credit card debt. However, Discover performed a recent survey that suggests that number could reach as high as 41%.

The Federal Reserve chose to raise interest rates an unprecedented amount (the highest jump since 1994), making it cost more to borrow money or use credit cards, and triggering higher limits on those needing credit. Credit card companies could also reduce credit limits on existing customers, adding more pinch to your bottom line if you are depending on credit to cover medical expenses.

Inflation’s Impact on Healthcare Costs

Rampant inflation is doing more harm to healthcare costs. As prices soar, hospitals and medical organizations are appealing to insurance companies for price increases. Insurers are responding with some raises, but that could also spell rate and deductible increases next year that could eat away any projected increases in wages or benefits.

Amazon’s recent dive deeper into providing healthcare with the purchase of One Medical could also impact some consumers in a negative way. Could the new competition spur better care or simply raise costs? Will they expend the membership-based primary care services of One Medical to include others who struggle to access adequate healthcare, or simply use the acquisition to boost profits?

As always, inflation’s bite always trickles down to the consumer, as businesses of every stripe pass on higher costs. And, with a population that is not fully back to work after a global pandemic and supply chain disruptions, more Atlanta area families could be facing a financial crisis.

Jamie L. Gingold, PC can help you get a fresh start when financial struggles threaten your well-being. Family-owned since 1971 and focusing on helping families across Georgia, we can help you create breathing room and solutions to financial problems from healthcare costs or other needs.

Contact us today at 678-915-2634 for a FREE initial consultation at our Atlanta offices.

Posted on behalf of Jamie L. Gingold, PC

195 14th Street NE #1604
Atlanta, GA 30309

Phone: (678) 915-2634


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    Our Client Reviews

    Jamie L. Gingold, PC
    5.0 / 5.0

    Based on 28 reviews

    Jack L.

    They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

    Karen B.

    Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

    Lyla B.

    I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

    Julie T.

    Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

    Julie T.

    I contacted getting old and getting old regarding some old tax debt and credit card debt that I needed to address and had been putting off. miss Irving in the office was very very nice and put me at ease. I met with Jaime Gingold. She was very nice and explained the procedure to me and what would be left owing to the Internal Revenue Service and the State of Georgia after my case was done. My case has now been completed and I am on my way to a new start. Thank you Gingold and Gingold for all of your help.

    Anna T.

    Amazing! Outstanding!! They went over and beyond..I would recommend them to anyone needing a lawyer!!

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