What You Can Do to Pay Off Medical Bills

The best option in paying for medical expenses is to have health insurance.
In general, this will take care of the majority of your hospital or doctors fees.
With certain insurance companies, paying a deductible may be your only option, which has the potential to be a few thousands of dollars before the insurance company begins to pay for services.
Additionally, you will most likely have to pay a co-payment, which is a fee set by your insurance company that you will pay on the day off your office visit.
Whatever the insurance company does not pay, it is your responsibility as the consumer to pay the balance.
If you are unable to pay the remaining balance in full, there are a few suggestions to assist you in making this an easy step: First: Obtain a copy of your medical bill.
Read through it carefully to ensure that all information is correct and accurate.
If you and your physician have agreed upon a set amount over a period of time, you can send in that payment.
Second: Determine if your company entitles you to a Flexible Spending Account, which is available through your human resources department.
This account is a pre-taxed amount taken from your check when you are paid.
You can pay your medical bills from this account, or you will be provided with a "debit" card from this account to use for medical expenses.
Third: Utilize the assistance of a credit counselor who may be able to assist you in making payments and setting up affordable arrangements and plans.
Fourth: Attempt negotiation through the medical service to which you owe money.
This can be a vital way in saving you money in the long run.
Fifth: Apply for Medicaid.
This can be done by going through your social services department in your city or state.
If you are eligible, Medicaid will be able to pay for a portion of your medical bills.
Try to avoid paying for bills by use of credit card, as this will result in you having to add more money to your debts.