Healthcare expenses are generally unavoidable, which is part of the reason so many Americans worry about them. The Kaiser Family Foundation reports that more than 25% of U.S. adults struggle to keep up with their medical bills, and that figure includes folks with health insurance. The problem has gotten so bad, in fact, that medical debt is now the No. 1 source of personal bankruptcy filings in the country. Talk about disturbing.
What makes medical care such a gargantuan expense? For one thing, health insurance plan premiums have been climbing across the board. Your premium is effectively the annual fee you pay to get coverage under an insurance plan. Think of it like a gym membership fee, only a lot more expensive.