5 Resources for Help Paying Medical Bills

Medical debt is the biggest concern in the U.S. Even the person who has an impressive health insurance policy isn’t immune to medical debts. This is because, when the medical bills are extreme, even the insurer refuses to offer the coverage.

Although it isn’t clear how many people go bankrupt due to budget-breaking medical costs; it is quite clear that hospital bills are one of the reasons for thousands of yearly bankruptcy filings.

So, what can an average person do to get rid of exceeding medical bills? Or how can someone get financial assistance for health care during COVID-19?

Well, we have the answers to these questions. Let us take a look at a few resources that can help you to pay off your medical bills effectively.

1 Payment Plan:

Almost all medical providers offer payment plans nowadays. So, whenever you opt for medical attention, be it at the physician, dentist, or even at the hospitals, make sure that you ask the billing department for payment plans.

The department can recommend you with monthly installments on zero interests. Many healthcare centers even offer discounts on bulk payment, so ask for that too. Make sure that you read or gain knowledge of every terms and condition that come with the payment plans so that you do not end up getting in financial distress down the line.

2 Medical Credit Cards:

If the medical provider you chose has no particular payment plan or discounts, then see if they can accept medical credit cards. These cards are specially designed for certain medical procedures, meaning the billing department may have applications ready.

A normal medical credit card has a 12-month interest-free period. So, check your total expense and see if you would be able to clear the debt within the given period. If you are unable to do so, then avoid the medical credit card at all expenses because then you will be stuck with a more expensive bill.

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Location: Jacksonville, FL, USA

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