No one should have to choose between paying their medical bills and putting food on the table. If you’re struggling because of this situation, don’t hesitate to ask for help. No one likes getting sick, but unfortunately, it’s a part of life. But when you do, the last thing you want to worry about is how you’ll afford the treatment expenses.
It’s no secret that medical treatments can be expensive. A trip to the emergency room or a short hospital stay can cost thousands of dollars. Also, routine procedures like MRI can cost hundreds of dollars you may have to pay out of pocket.
Medical bills can be a substantial financial burden for people struggling to make ends meet. It can be tough to know where to start when facing medical debt.
But there are some steps you can take to ease the burden:
1. Call the Doctor’s Office or Hospital
If you’re struggling to pay your medical bills, the first step is to call the doctor’s office or hospital and explain your situation. They will often be willing to work out a payment plan or give you a discount if you pay in cash. They may also be able to offer other options, like a grant or patient financing. If you promise to pay in full and give a personal guarantee, your practitioner will be more likely to help you.
2. Get Health Insurance
This is the most obvious way to afford medical bills, but also the most important. Health insurance will cover most of your treatment expenses, so you won’t have to worry about paying for everything out of pocket.
If you don’t have health insurance, you can still get coverage through the Affordable Care Act. The ACA is a government insurance, which is not your only choice. You can also seek insurance through a private company. It’s entirely up to you to choose a policy that best suits your needs.
You can also get short-term health insurance if you need coverage for a specific period. It is an ideal option for those who rarely need medical assistance. However, the need for medical aid is usually unexpected, so it’s best to stay prepared. Getting short-term insurance is a good idea if you feel there are multiple upcoming medical bills.
3. Apply for Financial Assistance
Get financial assistance from the government or a charity for your healthcare bills. Several programs can help cover the costs of medical care, so do some research to see if you qualify.
Another option is to seek healthcare financing through your medical consultant to simplify your payment process.
A platform like Denefits offers healthcare financing to patients through several caregivers. It also offers flexible payment plans and pay-over-time options to make it easier for patients to receive treatment and afford it.
4. Negotiate with Your Insurance Company
If you have health insurance that does not cover all your medical bills, try negotiating with them. Call and explain your situation to see if they will be willing to cover more costs. Your insurance company may also be able to cover more of your medical bills for a higher premium, which is worth it.
Always choose an insurance company that covers more of your needs for a lower fee. Pay attention to their terms, conditions, and coverages. If you know you have a lot of upcoming medical bills, sign with an insurance company beforehand to manage the costs.
5. Look for Free or Low-Cost Clinics
If you don’t have health insurance or it doesn’t cover a particular procedure, you can look for free or low-cost clinics. They provide primary medical care at a reduced cost.
In addition, these clinics are typically available to those who come from low-income households. Also, the practitioners are usually still learning or relatively new to the healthcare industry. That’s why the costs are cheaper. However, this doesn’t mean they’re unreliable. Their service may be slower or require extra assistance when serving you.
6. Take Help From a Medical Bill Advocate
If you’re struggling to negotiate your medical bills on your own, hire an advocate with expertise in this area. These professionals will deal with your providers on your behalf and help lower prices.
Furthermore, a medical bill advocate can thoroughly assess all your bills. They look out for errors and find ways to reduce costs by speaking to your practitioner for you. They also ensure you don’t get charged for unnecessary services, which often happens in the healthcare industry.
Hiring an advocate might be a good idea as they can relieve stress by assuring that everything you’re paying for is fair.
7. Apply for a Grant
Another option available to some is to receive a grant or contact a charity. Specific organizations provide funding to low-income families to make healthcare more affordable. You may also be able to receive financial assistance from a charity. Some charities specifically help those dealing with a particular illness.
Many children are eligible to receive this financial assistance because organizations want to ease their healthcare journey.
8. Consider Declaring Bankruptcy
If you can’t pay your medical bills or don’t qualify for financial assistance, you may want to consider filing for bankruptcy. It is the last resort but can help you escape a mountain of debt.
Without a doubt, filing for bankruptcy is the last thing anyone wants to do. But if you’re already drowning in debt and want to start fresh, this may be beneficial.
Remember, once someone files for bankruptcy, their credit suffers, which is when financing companies with no credit checks come in handy.
Getting sick is never fun, but these tips can help manage your medical bills much better. While multiple financing companies can help your situation, Denefits continues to simplify patients’ lives by offering financing without any credit checks.
Sustaining life while also preparing for emergencies is a lot to handle. It may not be you experiencing the need for medical assistance. It could also be a family member. Either way, you’re affected and have to deal with the medical costs.
Don’t allow hospital bills to demotivate your need for healthcare. Look for caregivers working with Denefits to pay for medical care and treatments comfortably.