An elderly 73 year old lady was made bankrupt after she was burdened with a gigantic medical bill and lawyer fees following a heart attack in 2013 which needed emergency treatment.
The old lady survived her medical emergency but nearly got a heart attack when her insurer refused to pay for heart related treatments. Her total bill was $675,000 but the insurer only paid $128,000. The insurer left her out to dry and she had to foot the enormous medical bill.
She bought her health insurance in 1994 but it was renewed in 2011 to an upgraded policy. All was good except for an exclusion of any treatments for heart diseases.
She took the insurance company to Court but will now drop the suit as she has run out of money to continue the legal battle. Now, the grandma is saddled with a total debt of $684,000 inclusive of all legal fees. Her son who acted as her guarantor will bear the burden of paying the debts.
Please check out all fine print before buying insurance!