7 Things to Remember As You Negotiate Medical Bills
For a couple of years, the price of medical treatments is increasing at a significant rate. Some are genuine, while others are not as they intentionally do to attract more money from patients. At times, the amount is so high that either patient stops the treatment in between or cannot pay the bill after receiving the treatment. In this article, the can't-miss-steps of how to negotiate medical bills are explained. Take a look!
1. Carry out a Research Process
Before opting for any treatment, it is always better to find the best clinic offering at a reasonable rate. Not everyone is the same. Instead of getting a huge medical bill that you cannot afford to pay, do your research process. The research process will help you know about the clinics, their facility, and the pricing estimate. It is the first step you should take to negotiate medical bills.
2. Understanding the Explanation of Benefits (EOP)
After a week or so of visiting the doctor, you must expect an explanation of the benefit. It is like a medical bill explaining how much you have been charged and why you received the specific treatment. Remember the medical bill, and the explanation of benefits is different. EOP is like a receipt, describing things even when you have not paid. After getting an EOP, compare it with the medical bill to understand why you have been charged more. Sometimes, due to medical coding, you can be charged a higher amount. By making a comparison, you can reduce the medical bill to a great extent.
3. Find Who Is Billing You: A Third Party or Doctor
Verify who has created the bill as it is unnecessary every time; the doctors are aware of what is being charged from you. Sometimes, the provider may have outsourced a third-part billing collection company. As a result, they have included some extra things not included in your treatment. It is better to visit a clinic, handling the billing process on its own. In that way, there is a lesser chance of receiving a huge medical bill.
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