BiggerPockets Money Podcast
Healthcare Hacks That Could Save You Thousands on the Journey to FIRE
Apr 22, 2025
Jared Walker, founder of Dollar For, helps Americans tackle the high costs of healthcare by negotiating medical bills. He reveals how you can leverage the Affordable Care Act to save thousands on healthcare expenses. Learn clever tips for negotiating bills, utilizing cash payments, and spotting erroneous charges. Jared also discusses the emotional turmoil of medical debt and shares strategies for financial independence. Empower yourself with knowledge and take control of your healthcare costs!
40:00
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Quick takeaways
- Negotiating medical bills can lead to discounts of 30% to 50%, significantly easing the financial burden of healthcare costs.
- Understanding and utilizing charity care options can drastically reduce or eliminate medical bills for eligible individuals facing unexpected expenses.
Deep dives
The Importance of Medical Bill Negotiation
Many individuals are unaware that they can negotiate medical bills, which can significantly alleviate financial stress associated with healthcare costs. By directly contacting providers and inquiring about settlement amounts, patients can often secure discounts ranging from 30% to 50%. This negotiation can be especially beneficial for those without insurance or who face unexpected medical expenses. Understanding that hospital bills often contain inflated prices and billing errors empowers individuals to take charge of their healthcare expenses.
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