One of the biggest sources of debt for the average person in the United States is medical bills. With the costs of everything in the medical field rising rapidly, many people find themselves with medical bills that they cannot afford to pay. If you find yourself in this situation, here are a few different strategies that you can use to reduce your medical bills.
Ask for a Cash Discount
One of the best strategies that you can use to reduce the amount that you pay for medical services is to ask for a cash discount. Most medical facilities charge a higher price on the front end to account for collection costs and insurance billing costs. If you have the money that you need to pay for the procedure right now, you should be able to get pretty good discount from the medical provider. For example, ask for a 20 or 30 percent discount on the service and see what the provider says.
Go to Urgent Care Clinics
When you have some kind of urgent medical issue, you may be inclined to go to the emergency room at your local hospital. Instead of taking this approach, consider going to an urgent care clinic instead. Many areas now have urgent care clinics that are open 24 hours a day and they are usually much cheaper than emergency rooms. These clinics also typically have cheaper prices on doctor visits and other medical procedures.
Avoid Unnecessary Treatments
If you want to reduce the amount of money that you spend on medical bills, try to avoid getting involved with unnecessary treatments. Some doctors or medical facilities try to get you to take tests or treatments that you don’t need. Most doctors try to avoid recommending unnecessary treatments because of the threat of medical malpractice law issues. However, it is up to you to decide what treatment you’re going to get.
If you think that a treatment is completely unnecessary, there is no reason for you to have to take it and pay for it. You get to make your own decisions and decide what you pay for.
Ask for Clarification
Medical billing industry is very confusing and medical bowlers are known to commonly made mistakes. If you get a bill and you don’t know what it’s for, do not hesitate to call the facility and ask. Sometimes, they’ll realize a mistake and reduce your bill a bit.
Even with health insurance, medical bills can rack up quickly. In order to keep your bills in check and to prevent high bills in the future, be sure to adhere to the aforementioned tips.
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.