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Study: Most Americans Can’t Afford a Sudden Medical Bill

/ Car Accident /

Sudden Medical BillNEW YORK – If you’ve been injured in a car accident, you understand the pain and the frustration. An injury can be expensive and many times, unaffordable.

In a new survey conducted by Bankrate.com, more than 60 percent of people said they didn’t have the savings to cover an unexpected medical bill – even one as low as $500 or $1,000.

Although victims of car crashes may be entitled to an insurance claim, a Bronx car accident lawyer at Cellino & Barnes says most Americans who have been injured in a crash need an advocate to fight for their personal rights.

“Many people are left paying for an accident that wasn’t their fault in the Bronx,” car crash attorney Steve Barnes said. “That’s why calling one of our attorneys is so important – we make sure you’re needs are covered and that you’re getting the best results possible.”

Bankrate.com’s findings may be concerning to many Americans – it shows financial vulnerability. Although most people are regaining jobs lost during difficult financial times, only half of the population is saving regularly. The study found that 15 percent of people would rely on a loan or a credit card to pay for costly and unexpected injury expenses.

Researchers discovered that the people most likely to be able to afford a sudden accident have incomes over $75,000 – but even with that salary, nearly half said they wouldn’t be able to afford a $500 car repair, according to the survey.

That doesn’t include any medical costs which can average over $15,000, according to an analytics company.

“Car crash injuries are some of the most costly medical bills in America today,” Barnes said. “Unfortunately, some insurance companies may not be willing to pay fair compensation if you don’t have the right law firm in your corner.”

If you’ve been injured, Bronx car accident attorneys suggest a free legal consultation with Cellino & Barnes: call 800-888-8888 to get started.

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