Overwhelming medical debt is the last thing you want to stress about paying when you’re trying to recover from injury or illness. Depending on the situation, and how much is owed, medical bills can quickly add up and become difficult to afford. Yet, they still need to be paid.
What can you do to ease the financial burden of medical bills? Fortunately, there are steps you can take. In this article, we’ll discuss how to negotiate your medical debt down.
Before the start of your treatment, if possible, begin your negotiating then. Try the following steps:
Things are always easier when you address them prior to them becoming a problem. After your treatment, if you receive a bill that you’ll have trouble affording, contact your medical provider right away. Doing this before you make payments or are sent to collections will give you the upper hand in negotiations and give you time to work out a payment plan.
Medical billing errors are incredibly common, and catching errors can be difficult. Some of the errors you can experience are:
If you have any cash saved, offer to pay your bill in this manner. This can be enticing to medical providers because it saves them in fees and can close out your bill. Ask if there are any discounts if you pay in cash all at once.
If you’re receiving medical care outside of having an insurance plan, it’s important that you act as your own insurance advocate. Insurance billing departments negotiate lower payments every day based on standard and fair market pricing. The first billing amount sent out by a medical provider is almost never initially accepted, it’s simply a start to negotiation. When you don’t have insurance, you can act as your own billing department. Familiarize yourself with what the fair market price on your medical services is, then contact your medical provider to request the pricing be lowered. This may take a little time, and some back and forth, but it’s usually worth it.
If you need help in negotiating prices or payment plans, there are people known as patient advocates that can help. Typically, there is a fee involved, but often it can be much lower than the amount that you can save in negotiations. One of the foundations you contact is the Patient Advocate Foundation.