Rising medical expenses can strain a fixed-income budget, making it challenging to afford comprehensive coverage. Healthcare spending rose over $4.3 trillion in 2021, with more than 31% of that amount spent on hospital services — and that number is only continuing to grow. Recent data from Debt.org showed 60% to 65% of all bankruptcies were related to medical expenses, and HealthCare.gov estimates an average three-day hospital stay can cost about $30,000.
The Agent & Advisor Editorial Team is a highly skilled and dedicated group of professional writers and editors within the life, health insurance and financial services industry. Committed to delivering accurate, informative and engaging content, this team possesses a deep understanding of the intricacies and complexities of the industry.
Learn more about the Editorial Team.
Learn more about the Editorial Team.
Latest posts by A&A Editorial Team (see all)
- Don’t Overlook Medigap During the Medicare Advantage OEP - March 26, 2025
- OEP Answers: Helping Clients with Common Medicare Advantage Questions - March 21, 2025
- Life Insurance Strategies for Business Owners - March 19, 2025
