yes but most medical bankruptcies are people WITH insurance coverage, not sure how this comes about but I could think of many ways:IF some medical crisis came upon us- without coverage.... it could cost us every penny in savings.. I've read horror stories where they could come after your house if you can't pay Medical bills..
- deductibles and maximum out of pockets greater than the money one has - not everyone has 6k to meet a deductible which isn't unusual for bronze plans
- getting any care out-of-network that isn't covered under emergency coverage with a HMO which can easily happen without one knowing about it as in-network hospitals hire out-of-network staff
- balance billing games with out-of-network providers with PPOs - you think they are going to cover the out-of-network 50% but they aren't due to balance billing and only cover a tiny percent of the cost.
- probably others but who can keep track of the moving target of what is in many ways an ever morphing scam
About the only way to avoid unexpected expenses entirely is to go with something like Kaiser where it's a whole in-network system including it's own hospitals, but it has it's advocates and it's detractors.