$195 billion of medical debt in America can be reduced or negotiated. The podcast offers tips on navigating medical debt, negotiating bills, and seeking support. Strategies for tackling medical debt include checking for charity care eligibility and fact-checking charges.
Patients should research charity care policies and apply to potentially have their medical bills significantly reduced or eliminated.
Patients should carefully review their itemized bills for errors or overcharges and dispute any charges that don't align with the services received.
Deep dives
The Importance of Charity Care for Medical Bills
When facing a large medical bill, one of the first steps is to determine if you qualify for charity care. Many nonprofit hospitals are required by law to provide free or reduced care for patients within a certain income range. By researching charity care policies and completing the application process, patients can potentially have their medical bills significantly lowered or even eliminated entirely.
The Power of Reviewing and Disputing Medical Bills
Patients should carefully review their itemized bills for any potential errors or overcharges. By cross-checking the listed procedures and associated codes, they can spot discrepancies and potentially dispute charges that don't align with the services actually received. This thorough review process can help patients avoid paying for unnecessary tests or procedures, helping to reduce their overall medical expenses.
Negotiating Medical Bills for Lower Costs
Patients should be aware that they can negotiate their medical bills, even if the charges are accurate. By contacting the billing office and asking for a settlement amount, patients can often secure a lower bill if they can pay upfront. Negotiating can result in reduced bills, sometimes up to 50% or more, providing significant savings. Persistence and exploring different negotiation strategies can lead to successful outcomes, helping patients manage their medical costs more effectively.
There's an estimated $195 billion of medical debt in America. But just because a medical bill comes in the mail doesn't mean you have to pay that exact price. In this special episode from our friends at Life Kit, you'll learn how to eliminate, reduce or negotiate a medical bill.
This episode of Life Kit was produced by Sylvie Douglis. Their visuals editor is Beck Harlan, and their digital editor is Danielle Nett. Meghan Keane is their supervising editor, and Beth Donovan is their executive producer.