Medical Bills Piling Up? Get the Funds in Ways You Haven't Imagined

When medical bills start to pile up, the idea of paying them can seem like a daunting mountain to climb. If you’ve found yourself in some major medical debt due to a life-threatening illness, there may be more options than you recognize. Never fear! There may still be hope, regardless of how high that mountain is.

Crowd-Sourcing Websites

Crowd-sourcing websites have become a very popular way to fund projects for all sorts of things. Just a simple search of Kickstarter will yield results of some pretty varied things that people can invest in. In much the same way, crowd-sourcing websites with charitable purposes have sprouted up all over the Internet. Sites like The Chive Charities have had extraordinary success, not only meeting their goals, but also exceeding them by a lot.

Viatical Settlement

When you have a life insurance policy, you may not think of it very much. For most people, it’s the furthest thing from their mind, but if you have a life-threatening illness, it may be the one thing that can keep you from crippling debt. A viatical settlement allows a policyholder to sell off their insurance policy for a percentage of what the payout would be. The policyholder is then able to receive a lump sum and can use that to pay for their medical bills.

Grants

If you’re in need of money for medical treatments, it can be a good idea to reach out to local charities and non-profit organizations that may be able to help you. For example, if you have cancer, you may be able to receive a grant from the American Cancer Society in order to fund your procedures.

Charities

A lot of people may see taking charity as a sign of weakness, but if you’re in a desperate situation, there may be no better place to turn. Charity organizations are usually set up to help those with specific needs and even local churches may divert some of their funds to helping parish members in need. It doesn’t hurt to ask and a well-written letter can do wonders.

Finding a way to pay for your medical bills can be difficult, but there are definitely options to be found. You just need to know where to look.