HerMoney Classic: Negotiating Medical Bills

Oct 25, 2024

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If you listened to our episode with Sabrina Corlette, founder of the Center for Health Insurance Reforms, you are already armed with the information that you need to make a decision about which healthcare plan you want to choose when open enrollment rolls around.But no matter which one you choose, it's also inevitable that at some point you are very likely to receive a medical bill that you didn't expect.

That's where negotiation comes in. Our guest today, Braden Pan, founder and CEO of Resolve, a company that negotiates your medical bills on your behalf. He's joining us to talk about how you can do this yourself, how to negotiate your medical bills down, when to settle and pay up, and when to get your insurance company to step in and cover more.

Chapters:

00:00 Introduction

10:00 Tips For Negotiating Medical Bills

16:00 How To Be Your Own Advocate

25:00 What To Do If You Can’t Pay the Bill

Takeaways:

- Before negotiating, gather as much information as possible about your medical bills.

- Persistence is crucial when negotiating medical bills.

- Make allies, not enemies. It may take multiple attempts to reach an agreement.

- Many hospitals offer financial aid programs and will be flexible with you.

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