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Home / Insurance / 5 Ways to Negotiate Medical Bills There Are Some Workable Options — Legal Insurance Blog — November 1, 2022

5 Ways to Negotiate Medical Bills There Are Some Workable Options — Legal Insurance Blog — November 1, 2022



stockfresh_636353_stetoscope-laying-on-stacks-of-money_sizeS-300x200When faced with a large medical bill, the first instinct may be to just pay it. But if you’re like most people, you can’t afford to pay for healthcare out of pocket. That’s where negotiating medical bills comes in. By negotiating your medical bills, you can reduce the amount you owe. Here are some tips on how to negotiate these medical bills.

1. Know what you owe

The first step in negotiating your medical bills is knowing what you owe. This may seem like a daunting task, but it is important to have a clear understanding of the charges you are facing. You can then request a detailed invoice from your provider, listing all the services you received and the related costs. Once you have this information, you can start negotiating.

2. Compare prices

The next step is to compare the prices you are charged with the costs of similar services in your area. You can call around to different providers or use an online pricing tool like Fair Health Consumer. If you find that the prices you are being charged are significantly higher than average, this will give you more leverage in the negotiations.

3. Call your provider

Once you understand what you owe and how much similar services cost, it’s time to call your provider and start negotiations. It’s important to remember that suppliers are not obligated to lower their prices, but it never hurts to ask. You may be surprised how willing they are to work with you if you are polite and reasonable.

4. Create a payment plan

If you can’t pay your medical bills in full, another option is to set up a payment plan with your provider. This means agreeing to make regular payments over a period of time until the bill is paid. Many suppliers are willing to work out payment plans, so this is worth considering if you can’t pay your entire bill straight away.

5. Seek guidance from a professional

Negotiation is not easy for many people, and those inexperienced in give-and-take may find themselves on the losing end. It helps to get advice from a financial wellness professional on how to go through the process. Nationwide Prepaid Legal Services is here to help.

We work with the best

Nationwide has a financial wellness benefit which promotes financial health. We have a nationwide network of certified advisors who are professionals who deal with common money problems. Our advisors will offer advice to plan members, the kind of wisdom that comes only after years of experience. The counselors also have ideas on how to better afford these healthcare costs.

Our financial wellness benefit is not something we impose on a customer. Instead, we ask management to look at all of our service options, decide which ones are best for their unique workforce, and tell them which services they would like to have in their financial wellness benefit. Then we include them in the final planning document.

Furthermore, we will go a few steps further. We will provide administration and membership services for the benefits. This begins a relationship with the customer that gives employees the best help they can have with their money and improves their individual financial well-being.

Countrywide is dedicated to helping people. We have the kind of services an individual needs to keep personal budgets healthy and teach people how to spend their money wisely. If you have any questions about our benefits, please contact us at your convenience. Financial well-being is something that everyone should have. We can help make it happen.


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