The Commonwealth Fund reported that in 2010, nearly 30 million Americans were contacted by collection agencies to collect due medical bills.
Some myths are responsible for this result. Most of the people think the insurance company pays their medical bills. They don't even know the huge medical bills are due to insurance processing delays or some billing mistake.
Some people even think unpaid medical bills don't affect credit rating negatively. Some others think as long as they make payments on a medical bill, the other bills will not be sent to collections. Some even are of the view that they will be notified before their bills are sent to collections.
These all are wrong concepts that cause huge medical debt burden.
Remember, unpaid credit card debt can create havoc in your financial life. You'll get collection agency calls. They will not hear the excuse that your insurance company didn't pay the bill or there are some mistakes in your bill.
So, the point is, how can you escape from your painful medical debts? Here’s how:
A medical emergency can arise anytime. And, don’t think you don’t need any medical coverage at the age of 20s and 30s. You should include a medical insurance policy in your financial planning. So, plan ahead to secure a better financial backup for medical emergencies.
Getting a health insurance policy is not enough. You have to be careful about every little terms and conditions before opting it.
Sometimes, people fail to get the full advantage of the medical insurance policy due to some mistakes. They don't even know how to act properly to get the benefits. Read the points carefully:
You should call the insurer before being admitted to the hospital.
The bill is a very important thing. You have to get the bill, where every service is included during your hospital stay, for getting the discount.
Sometimes, hospital authority or doctor helps to pay off huge medical debts. If you have incurred a hefty medical debt, then you must negotiate with the doctor or the hospital authority to find out a better option. Also, don't forget to track your medical bills after your recovery. Check bill carefully to avoid unwanted hassles.
Many government health insurance programs can help you to ease the pressure of huge medical bill. If you’re uninsured at the time you’re in the hospital, then you must enroll in a government assistance program to get the hospital bill covered.
You must enroll within 3 months for getting the support. Call SHOUT( Student Health Outreach) at 203-777-9540 or toll free, 877-24-SHOUT to know the eligibility criteria and free help.
Read more: 7 Ways to keep medical debt under control
Many non-profit hospitals provide “free care” or charity care to those patients who’re not able to afford medical bills. You should contact your hospital’s billing office to get more information about it. You may need to apply to get the free care program. Provide all the details and follow up to get the program. In case your application gets rejected, contact the supervisor to appeal. Besides free care programs, free bed fund and donations are also available for those who can’t afford expensive medical bills.
Many times the health service provider charge you twice for a single service by mistake. If you believe that your bill was not calculated correctly, you can challenge the amount of the medical bill. To avoid hassles, always keep a record of your conversation regarding billing issues. Write down the name of the person you talk and the summary of your discussion. Use your certified Email account to send any documents to the doctor or hospital authority. Keep the receipts safely.