A majority of Americans are unable to pay for health insurance or obtain health insurance through any means. Sadly, this can often lead to expensive hospital bills that cause severe debt and worry. Paying off those bills for good doesn’t have to be such a hassle. It is absolutely possible to pay them off with proper budgeting. These five hospital bill tips will get you on the right track.
Look into A Hospitals Payment Plans
Hospitals are much more forgiving than credit card companies. This is good news for you. Hospitals may charge interest, but many don’t, especially if you are already a low-income patient. They just expect you to pay it off in a timely manner. For this reason, you can set up payment plans to help knock off the costs. Woohoo!
Negotiate Your Costs
It is possible to negotiate with a hospital for the services rendered. This is because there is a huge markup on the medical treatments. Everything from medication injections to exams cost many times more than what they are “worth.” Talk to people individually about reducing the total cost of each item on your bill. Don’t think it was fair for that shot of morphine to cost you $220? Convince someone to give you a deduction on the cost.
Make Payments Immediately
If you are making a $1 payment per month to the hospital, they can’t send you to a collection agency. It shows that you are paying something. Of course, you will never pay off your debts this way, it is only a way to prevent yourself from getting into serious trouble. Once your account has been sent to collections, you should at least tell them you cannot pay. They may also be willing to settle for a specific amount. Whatever you decide to do, make small payments of any kind to keep yourself afloat while you figure a different solution out.
Non-Profit Credit Counselors
These non-profit organizations can help you eliminate huge medical costs, and will counsel you on how to pay for them without difficulty. If you don’t want to go this route, use an online tracker to monitor and record the payments you make and remaining balances.
Ask For Help
The simplest solution to ask for help. There are organizations out there that can help you pay off your mound of hospital bills, you just have to ask, apply for the funding and communicate with those trying to help you.