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Showing posts from December, 2020

How to Negotiate Medical Bills: Tips for Lowering Medical Bills

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The steep medical bills can become a debt trap for individuals. Many people end up taking substantial personal loans to clear off these bills. But do you know you can negotiate these bills to end up the financial slaughter that you are facing? Tips on Negotiating Medical Bills 1. Check the Medical Bills Thoroughly It can be a tricky affair if you are unaware of how medical bills are prepared and their language. You can quickly determine whether the bills are accurate if you dig deep into it. All procedures in hospitals come with code to help the insurance company to clear the payments. You can search the codes online to find out the procedure and compare it with other medical and health care service providers to find out whether the charges are correct for the treatment. The hospital surprisingly also make errors • The codes are not unified it means they don’t sync up with the diagnosis and hence the insurer might reject the claim, • Upcoding errors- Sometimes you ...

Six Options to Pay the Medical Bill

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Paying medical debts is not as easy as clearing off other debts. You need to negotiate the amount, ask questions from the medical organization, check your bill thoroughly, question the cash rate, etc. It becomes difficult when you are in a hospital. Hence, the best solution is to hire ClaimMedic- a company that keeps a tab on your medical bills so that you can focus on your health. 6 Options to Pay off Your Medical Bills 1. Health Insurance The best way to pay off your medical bill is to take a health insurance policy. The insurer will pay off your medical amount, and you have to sit back and relax. But with the rising inflation, everyone can’t take health insurance policy. You can check other ways to make payments if you don’t own medical insurance. 2. Research about Different Payment Plans Different hospitals and health care providers offer various payment plans to the patients. You can ask them directly. This option is viable when the patient is not able to make pay...

Another COVID Plague: Big Surprise Medical Bills For Survivors

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With the rise in the novel coronavirus cases today, many people here in the USA need help with Paying COVID-19 Medical Bills. Coronavirus does not just cause medical stress but also creates a lot of financial burdens. It is not surprising that many families are not able to cope with the enormous medical bills they face for the treatment in the wake of this virus. Choosing the right healthcare providers is not negotiable because it has an impact on the treatment and outcome. Then there is the length of stay in a hospital, rates of readmissions, isolation ward charges, ventilators, and costly medications. All these add up to the medical cost. On top of that, medical errors tend to create a financial hazard. Payments towards the hospital systems and other fees are a maze. The new disease makes it impossible to compare the treatment options. Many of these changes have caused an adverse financial impact on COVID patients who have got successful treatment and survived. The COVID plague i...

Medical Debt: What to Do When You Can’t Pay

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Many of our fellow Americans might have noticed this - The cost of treatment in the US, be it accidents, pregnancy, or illness, can reach almost five figures. You may have enough insurance coverage, but you may still be left with a lot of dues. It makes it impossible for you to handle your medical bills. You may be young and healthy, but that does not make you immune to a medical emergency. You could be stuck with a whopping bill at any time. At times there could be a dead end with no indication of how to pay off the medical bills. And this is where you will need help with paying medical bills. You have to pay the medical bills. There is no escape here. However, medical debt is an issue and if you feel trapped with the medical debt, then here is what you should do about it. Medical Debt Is Not Uncommon If you cannot pay off your medical debts, then this is not a cause of failure. Some people in the US cannot pay off their health bills only because they cannot afford to settle them...