According to a recent study, nearly 60% of Americans have struggled to pay medical bills in the past year. With the high cost of healthcare, it’s no wonder so many people struggle to keep up with their healthcare costs. If you’re one of the millions of Americans struggling to pay your medical bills, don’t worry—you’re not alone. Here are some tips on how to manage your medical expenses on a budget.
- Know what you are responsible for. When you receive a bill from your doctor or hospital, it is important that you read it carefully so you know what you are responsible for paying. Often there will be three fees: the doctor’s fee, the facility fee and the laboratory fee. If you have insurance, you may only be responsible for paying a portion of these fees. If you do not have insurance, you are responsible for paying the entire bill yourself.
- Call and negotiate. Once you know what you are responsible for paying, call the doctor’s office or hospital and ask if there is any way to negotiate the bill. In many cases, they will be willing to work with you if you explain your financial situation.
- Create a payment plan. If you can’t afford to pay your bill in full, ask the doctor’s office or hospital if they are willing to set up a payment plan for you. In most cases, they will be willing to do this if you agree to make regular payments over a longer period.
- Use coupons and discounts. Many times doctors’ offices and hospitals offer discounts for cash payments or for patients who are willing to pay their bill in full within 30 days. Be sure to ask about any discounts that may be available to you so that you can save money on your medical expenses.
- Seek external help. There are places to go to get some help with bills, but employers may be the best route to that support. Financial well-being has become a major concern for many employees and a benefit that helps a person with money issues is appreciated.
Nationwide prepaid legal services enable client organization employees to receive expert advice on financial wellness issues.
Dealing with professionals
The nationwide network of certified counselors gives group plan members an opportunity to work with a seasoned veteran. There is one in the community for every client
Our advisors provide the best advice on financial well-being. These people will show all plan members how to budget for medical expenses. Counselors will share tips on how to manage healthcare costs. People appreciate the help and they learn things about financial well-being that they didn’t know before.
Work with the customer
We tell a potential client about all of our services and the organization’s management chooses the options that will be part of their financial wellness plan. Nationwide includes the elections in the plan document, and we provide administration and membership services.
We have a close relationship with all our customers. Transparency is important to us and we solve problems quickly when we find out about them. Nationwide can be trusted to respond to all plan member concerns with empathy and respect. Emotional intelligence is a quality we look for when recruiting a new nationwide attorney.
If you’re struggling to pay your medical bills, don’t despair—you’re not alone. With a little effort and a little negotiation, you should be able to manage your healthcare costs on a budget without too much difficulty. Nationwide Prepaid Legal Services is ready to help. Feel free to contact us at your convenience to learn more about our financial wellness plan