Medical debt relief refers to various programs and strategies designed to alleviate the financial burden of medical expenses for individuals and families. It can involve reducing or eliminating outstanding medical debt, providing financial assistance, or offering affordable payment plans.
Medical debt relief is crucial because medical expenses are a leading cause of financial hardship and bankruptcy in the United States. It helps individuals and families maintain financial stability, avoid severe consequences such as wage garnishment or property liens, and access necessary healthcare services without fear of overwhelming debt.