Exorbitant medical bills are among the foremost causes of debt for U.S. citizens. Because of the country’s profit-driven healthcare system, even people who have insurance coverage frequently incur massive out-of-pocket expenses. In addition to causing debtors a considerable amount of stress, outstanding medical debts can hurt their chances of loan approval, getting apartments and finding gainful employment. Additionally, one medical procedure is often all it takes to plunge a financially-secure individual into crushing debt. If you’re currently buried beneath an unreasonable amount of medical debt, the following tips can help ease your burden. 1. Talk to Billing Departments
Unbeknownst to many patients, a large number of hospitals and private healthcare facilities offer considerable discounts to uninsured and underinsured individuals. Unfortunately, most facilities don’t openly advertise these programs. Further complicating matters is the fact that many physicians won’t even mention them to patients. With this in mind, contact the billing department of any healthcare facility to which you currently owe money and inquire about any discounts they’re willing to offer. Provided you meet their criteria, certain facilities will reduce your debt by up to 50 percent.
2. Look for Facilities That Take Your Insurance
If you seek treatment at a facility that doesn’t accept your insurance, you’re practically asking to incur massive debt. Luckily, confirming whether or not your plan is accepted is a fairly simple undertaking. If you’re unable to find this information on a facility’s website, simply place a call to make your inquiry. New Jersey residents in need of a high resolution ultrasound or any other imaging service should get in touch with Middletown Imaging. In addition to providing first-rate service and state-of-the-art equipment, Middletown Imaging accepts an extensive range of plans and policies.
3. Work out a Payment Plan
If you’re unable to pay off a large medical bill all at once, place a call to the facility’s billing department to work out a manageable payment plan. Many hospitals and private practitioners are perfectly willing to work with patients who are financially burdened. Depending on the size of your debt, some facilities will even allow you to stretch out payments across several years.
A for-profit healthcare system ensures that many care-seekers are saddled with unmanageable debts. Furthermore, for many Americans, insurance is not an end-all solution to this problem. Even those with coverage often find themselves burdened with unreasonable medical bills. Anyone interested in reducing medical debt is urged to reach out to billing departments, seek treatment at facilities that accept their insurance and be open to working out payment plans.