Purchase quality health insurance. Many bankruptcy clients have been hit hard by medical bills. If you don’t have health insurance and don’t qualify for a government program (which most don’t), one hospital stay could easily reach upwards of $100,000 in medical bills. Some of my clients who are currently healthy but have been sick in the past sometimes have to undergo thousands of dollars worth of procedures on a regular basis just to ensure that they aren’t sick anymore. You have to have quality health insurance and understand what it covers as well as what it doesn’t cover so that you can take an active part in your health, which can, in turn, affect your finances.