How to Negotiate Medical Bills Tips for Lowering Medical Bills

1. How to Negotiate Medical Bills Tips for Lowering Medical Bills 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

2. 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 receive the bills for the treatment that you might receive but not the procedure that you went through, and thus the cost escalates. • The hospitals may enter the same bill amount twice. • Unbundling errors- Sometimes the billing agent bill up for the services under different cost heads, often landing up into a high cost. You can ask the doctor or insurance provider for medical discrepancies. You can even ask them questions about the charges filed and call for a new medical bill. 2. Negotiate If You Are Willing To Make the Payment in Cash If you are willing to make the payment in cash, the hospital staff is more than ready to give you a discount. You can request for the same. Tell them how it will save the hospital staff time and lessen their burden. Instant cash is hard to decline, especially when you pay immediately after the treatment. For this, you need to have hard cash in your hand. You can ask your family member or relative who can spend on your behalf if you are not able to do so. 3. Negotiate Payment Plan The best way to negotiate medical bills after insurance is to create a viable payment plan that suits your needs too. Think about what do you need and tell the billing agent about the same. If they ask for the larger payments- you can tell about the affordability. There are chances that they may lower down your payment plan by spreading it in other months. If you spread the payments over an extended period, the provider will accept the money and will not send collection agent till you miss the payment. Please don’t agree to

3. pay more than your pocket because it will be like falling in a vicious trap and will further destroy your negotiating powers. 4. Other Considerations • Whether you are pin-pointing the billing error or asking for the other medical assistance, don’t panic. You will receive a due consideration if you speak in a polite and level headed tone rather than being aggressive. • Don’t hesitate and don’t be pushy. However, don’t call the doctor directly to settle the charges. Go to the billing agent or visit the hospital directly or call them to ask the questions. • You can even ask for help from the doctors. There are possibilities that they may consider your situation and may decide to help you. • You can even ask if there are any charity care discounts, or do they follow any bill reduction program to waiver the amount. • Be honest about your circumstances. Let the billing agent know your financial conditions. It will give them a clear idea about how much help you deserve. • If it fails, you can even ask for foundations to help you. There are many health care and medically billings advocates that can lower down the medical payment, but there is a downside they may ask you for hefty charges. 5. You May Seek the Help of Organizations That Can Help You to Pay Medical Bills These are the organizations that will pay medical bills on your behalf. ClaimMedic is one such organization. These companies have professional billing agents, who will audit your medical bills for discrepancies and will contact the health care service providers on your behalf. They will even negotiate the bills so that you can focus on your recovery process rather than mounting medical bills. This is another excellent way to deal medical bills

4. after insurance. These billing agents have a wealth of experience and will back you in your financial distress. Final Thoughts These are the ways on how you can negotiate the billing amount, but the best way is to seek help from a professional organization like ClaimMedic. They will make the process fast and enable successful resolutions. Content source