6 Ways to Deal with High Medical Bills
A lot of people are suffering from high medical bills more than chronic illnesses. Due to the rising coronavirus cases, especially in the United States, many people had issues in claiming their insurances. While some facilities provide inexpensive treatments, other facilities were charging the patients with massive medical bills. Many of these patients were not aware that the medical bills would be so high, and some were not even appropriately insured. So, if you are one of these people suffering even today from not being able to pay your high medical bills, you can contact medical billing companies to help pay large medical bills.
These companies can genuinely help you negotiate your medical bills, and you will have to pay a much lesser amount. However, you might want to find some alternatives that may work in dealing with high medical bills. To help you pay your medical bills and prevent having a poor credit report, here are six ways that can help you in dealing with high medical bills:
1. Know About the Treatment Costs
Medical consumers must know about the treatment cost and the cost of getting certain medical services as well. It would help if you asked the medical service provider or caregiver about the cost before availing the services or buying their products. You will also get to know about certain procedure expenses from the hospitals and other medical facilities’ websites, and don’t forget to include doctor visits and medication expenses.
2. Get Your Bill Rechecked
Suppose you have been handed down with a huge medical bill by your medical care providers, and you are finding it suspicious. In that case, it is better to get it rechecked by the medical billing facility in the hospital. Many medical billing companies have reported that almost 50% of their clients’ bills who come to get their medical bills checked by a third party have coding and data errors. Some of the data are duplicated and repeated many times in the bill, and sometimes the data is altered.
3. Look for Financial Assistance
Many private hospitals and other medical facilities also provide financial assistance for patients who cannot pay their medical bills. Hospitals and medical facilities offer schemes under which certain patients can ask for financial aid. Many criteria like your status, privileges, age, dependency, annual income, financial condition, and many other factors are taken into consideration by the hospital. A certain percentage of your medical bill will be compromised and reduced that can help to pay large medical bills.
4. Know About Billing Laws
Often, patients who have been forced to take the help of out-of-network providers are charged a huge amount of money in the form of medical bills. Sometimes, even smaller services like getting an appointment from a dentist availing ambulance services or buying a wheelchair are not covered by the insurances unless you buy production medicines or avail services from in-network providers. However, in certain circumstances, the patient is protected by law against such unsatisfactory insurance coverage. So you need to know about these laws if you have received a huge medical bill.
5. Ask For Funds
If you cannot pay your medical bills and have certain circumstances where you needed the treatments even though you cannot afford them, you can ask for help from charitable organizations. Many organizations provide financial assistance to selected patients who are struggling overpaying their medical bills and have unique circumstances due to which they are unable to do so. There are many online fundraising platforms and thousands of people who can help you by donating to your cause.
6. Announce Bankruptcy as the Last Resort
Some people are not able to pay the medical expenses because they are going through a financial crisis. So before your inability to pay medical bills starts affecting your credit report, it is better to announce bankruptcy. When you have declared bankruptcy by mentioning the reason for your medical bills, you will get a certain amount of extra help from the government and the medical providers. A certain percentage from your existing medical bill will be reduced, and you will receive further help from your insurance company as well.
You can also try reclaiming your insurance by getting external help from medical billing companies like ClaimMedic. They can help you relieve your burden of paying the huge medical bills, and you will be able to get other services as well. These services can help you pay large medical bills and negotiate and reduce the amount in your bills.