Are you struggling with a large medical bill from a serious accident or major illness? Unfortunately, health insurance is ungodly expensive and even if you can afford it, it doesn’t always cover ALL costs.
We’re going to look at how you might be able to pay your hospital bills, no matter how much you owe–or at least how you can keep the annoying collection calls at bay. Keep reading for more information!
Search for Errors on Your Medical Bill
When you receive your medical bill from each provider, go over it with a fine-tooth comb. Look for any services that are listed twice or that you didn’t obtain. Also, look for services that your insurance should cover (and make sure it was paid correctly!)
Medical billing can be a mystery to many people. There can be items that make it onto your bill that you don’t recognize. When this is the case, call and ask the provider.
Errors occur often and can cost you far more than you thought; some sources believe as much as 49% of medical bills contain mistakes.
Negotiate Your Payments
Because the cost of healthcare is so inflated, providers usually have some leeway when it comes to how much is owed versus how much they’ll accept.
As soon as you receive your hospital invoice, check for errors and then call your provider or the hospital’s billing department. Ask if they would be willing to accept a lesser amount.
You may also choose to negotiate a payment plan to satisfy the bill. Be sure to obtain a written copy of either the payment plan or the lower total amount, as medical bills can be sent into collections–no matter what you’ve heard.
Medical Credit Cards
If you don’t have health insurance and your provider won’t accept a payment plan, a medical credit card may be an answer. This is typically a pre-emptive option as you will apply for the card before any major medical expenses or procedures.
These cards usually have about 12 months of interest-free financing. Be certain that you can afford the monthly payments beforehand as the interest rates are often high.
Personal Loans
Owing large amounts of money to a hospital or medical provider is stressful. If you are teetering on the edge of being sent to collections, you may wish to take out a loan for repayment.
Same day loans are an excellent option to acquire the money you need for your medical bill. This will allow you to avoid the negative credit reporting that comes with being sent to collections, may afford you lower payments, and possibly more time to satisfy the loan.
Limiting Your Medical Expenses
Some emergency room visits and last-minute procedures can’t be avoided. However, there is something to be said for preventative care and choosing to go to walk-in clinics when possible.
If you can’t afford private health insurance or make too much for subsidized options, many cities offer free screenings and other options for low-cost healthcare.
Additionally, by eating well, exercising, and maintaining a healthy weight, you can avoid many health dilemmas and fewer medical bills.
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