According to a recent survey, the insurmountable bills of medical expenses are the leading reason behind bankruptcies these days. Majority of these people filing for bankruptcy had a medical insurance prior or during their illness. But often insurance providers misguide the potential as well as existing policy holders. The loopholes in these policies are so large that customers invariably fall into it.

With inflation, the medical expense is, as if, all set to touch the sky. So much so, that the largest chunk from one’s income goes to paying premiums of these policies. Even the drugs available off the counters are equally costly. Even the companies providing insurance coverage want to save money and have turned to plans with large deductibles instead of comprehensive plan. These result in employees bearing the price that leads to bankruptcy.