Falling into debt due to the high costs of medical care is very common. An unexpected medical emergency might crop up anytime. Lack of medical insurance and the high cost of medical care also significantly add to these debts.

If you are in a similar plight, with huge medical bills taking a toll on your finances, then do not worry. Some ways can help you tackle your hefty medical bills successfully.

How can you deal with hefty medical debts?

  • Review every bill you receive: Medical bills often contain errors, which can sometimes be significant. You can be overcharged, for treatments you received or even charged for those you did not receive. If you spot any discrepancy, immediately contact the hospital or medical facility and get your doubts clarified. Also, negotiate medical bills with health care service providers. Often negotiation can save you at least $100.
  • Contact your health insurance company: Check your insurance plan and contact your insurance company to verify the portions of the medical bill that your insurance should cover. Your insurance company will determine if you are wrongly charged for procedures, medications, or if the bill was submitted too late for payment. Sometimes you may need to "push" the company to obtain help with medical bill payment.
  • Express your need for bill settlement: Some hospitals will forgive a considerable portion of your medical debt if you express your need for help with paying the bill. You must contact the hospital authority as early as possible so that things do not get out of hand, and you can explain your financial hardship convincingly to get your appeal approved. The hospital authority will always take your financial condition into account when figuring how much they’re willing to forgive.
  • Contact your healthcare providers: If you need serious help with paying medical bills, you can also contact the hospital and learn about the payment plans they offer. Almost all doctor's organizations and hospitals will work with you in setting up a payment plan to suit your needs. These plans usually require you to pay a minimal monthly payment with very little, or no interest. Do not hesitate to inquire about such options. Every hospital has a billing accountant with whom you can discuss your bill.
  • Look for free or low-cost health care for your kids: Every state offers assistance programs that provide low priced or free health coverage for children, infants, and teens whose families fall below a certain income level. You can avail yourself of such assistance and get your bill lowered.
  • Go for free or discounted prescription drugs: There are countless ways to get your prescription costs reduced. Many local governments provide free discount cards that can help you save up to 50% on generic drugs. Low priced generic drugs can be a great substitute for expensive branded drugs. There are also assistance programs that offer free medication.

If you’re unable to tame your medical debt on your own, then it’s better you get professional help from OVLG. We can help you consolidate or settle your medical debts as per your convenience. Just call at our Toll Free Number - (800)-530-OVLG.

Video transcript on: How to Manage Medical Debt and Save Money

Medical debt can sneak up on any of us. One day you’re hale and hearty. But on the next day, you’re in the hospital. You can stay there for an extended period of time and can have stacks and stacks of medical bills. But how can you pay off those unaffordable bills? Let’s find out.

The first thing you can do is check if medical bills are accurate. Sometimes, hospitals make huge errors and inflate bills a lot. If you can’t understand medical bills properly, then hire a medical billing advocate. He can help to reduce the total bill amount.

Secondly, you can contact the billing department of the hospital and request them to give you a discount. Offer to settle the debt today itself if they agree to reduce the amount by 50%.

Sometimes, hospitals accept this kind of settlement offer for avoiding long-term payment process.

Finally, you can contact OVLG for settling your medical debts. Our attorneys can negotiate with your creditors tactfully and reduce the total billing amount.

Usually, it’s easier to negotiate directly with the hospital than with a collection agency. Sometimes, a collection agency calls you after the statute of limitations have run out. So you have to be careful when you’re dealing with them.

Check the statute of limitations period in your state or you can contact OVLG for help. If you’re getting harassed, you should definitely reach out to OVLG. Our attorneys will help you get $1000 from them.

Last Updated on: Mon, 26 Aug 2019


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