You could lose it all, even if you’re insured and relatively well off.
Health can destroy wealth.
More than two in three bankruptcies are caused by medical problems, either from bills, income loss due to illness, or both, according to new data in the American Journal of Public Health from more than 900 Americans who filed for personal bankruptcy between 2013 and 2016. Other surveys come to a similar conclusion, noting that medical issues are the No. 1 cause of bankruptcies.