If you are facing a mound of hospital bills, don’t worry. There are a lot of options available to help you pay what you owe. These can help you tackle any medical debt you may be facing. Read on for information about some of these strategies.
Understand What Happens When a Bill Is Not Paid
To best ensure you can tackle your debt, you should understand what happens when you don’t pay your bills. After a certain amount of time, any unpaid bills from a hospital get sold to a collections agency. Once your bill enters collections, you will be hounded by agents until you pay your debt. This can also greatly impact your credit score.
Check Your Bills for Errors
One of the best strategies you can use is checking your bills. As for an itemized bill so you can make sure there are no unexpected or double charges. Depending on whether they have a charge review system, there could be a plethora of errors. While you are checking your bill, be sure to ask them to place it on hold. They will often work with you to delay it from entering collections. This will give you time to make sure you are thorough.
Negotiate Your Bills
If your bills are accurate and your insurance won’t pay them, it is time to call the hospital billing office. To negotiate your bill, you can ask to pay the insurance rate. Make sure you take notes on the hospital’s policies and fully understand what the representative says. You can also work with a patient advocate who knows the system.
Get Help Paying Them Off
Nonprofit hospitals are required to provide financial assistance to qualifying individuals. Submit your pay stubs, tax returns, and an application to see if you qualify for financial assistance at a nonprofit hospital. This could get your bill significantly lowered or completely covered. In other words, there is a chance that you won’t have to pay anything for your medical bills.
Consider Filing for Bankruptcy
One way to write off medical expenses is to file for bankruptcy. However, this option can do serious damage to your credit score. If this seems like a good option for you, speak with a bankruptcy attorney who can help you through the process.
There are a lot of options available to help you pay off your medical bills. After understanding what happens when your bills go unpaid, you should check for errors, negotiate your rates, and search for different ways to reduce or abolish them before paying.