Core Insights - Rising out-of-pocket health care costs have led to significant financial strain on individuals, with 40% of surveyed individuals reporting increased costs in the past year [2] - Among those facing higher costs, 55% reduced discretionary spending and 35% increased credit card debt [2] Financial Management Strategies - Using high-interest credit cards for medical bills can lead to costly debt and negatively impact credit scores [4] - It is advisable to request an itemized medical bill from the hospital to identify any discrepancies before making payments [5] - Hospitals often provide payment plans with little to no interest, making it easier for patients to manage costs over time [6] Financial Assistance Programs - Nonprofit hospitals in the U.S. are required to offer financial assistance to qualifying individuals, which can reduce or eliminate medical bills [7] - Eligibility for financial assistance may depend on income and assets, and individuals may qualify even if they have insurance [7]