Anxiety and panic are what many people feel when they go to their mailbox. There may be an invoice waiting for those who will demand thousands of dollars to pay. It is a medical bill for a procedure or a therapy program. The amount can keep a person awake late at night and worry about what to do.
Modern medicine has made it possible for us to live better than our grandparents. People are living longer and the quality of life has improved dramatically for those with disabilities. But unfortunately, everything has a cost. Employees face a situation where they are pressured to handle significant debts. The amount can lead to some bad financial decisions.
You can negotiate
A medical invoice is an expense statement; it is not an ultimatum. Caregivers want their money but do not have to get paid immediately. Accounts receivable are willing to be flexible and negotiate with any patient. There is no desire to ruin someone’s financial well-being.
There are ways to arrange affordable payment plans or even reduce some of the total costs.
Always check for accuracy. Do not assume that the bill has no shortcomings. Accounting makes mistakes from time to time and may not have the right number.
2. What does the insurance cover? It is possible that the group health insurance to which an employee belongs may cover more than expected. Knowing the payments and how much the deductible is can affect the final bill.
3. Discuss a payment plan. Again, caregivers want their money and they can be flexible in how everything is paid.
To manage a bill collector. Hospitals will refer overdue bills to a debt collection agency, and these people can be annoying and intimidating. It is important to draw the attention of the debt collection agency to all negotiations with the care provider. You go one step further by asking the accounts receivable to tell the debt collection agency to stand back.
Nationwide offers professional help
Many organizations help employees by offering Health Spending Accounts (HSA). However, an employer can go a step further to help employees by providing a financial wellness program. Nationwide prepaid legal services have such an advantageand one of the options is to manage medical debts.
Our primary support for an employee comes from our nationwide network of certified advisors. These professionals deal with financial well-being all the time, and they are familiar with medical debt problems.
They will advise a plan member on the best ways to handle the caregiver regarding medical bills. Our advisors provide additional service by doing a personal budget analysis. They will look at the cash flow of a member of a financial wellness plan and determine ways to free up enough money to cover monthly medical payments. Counselors can also suggest different programs to help that person.
The customer is with us
We want a customer organization to be part of the process. Therefore, we explain our benefits to potential customers and ask them to decide which benefit options will be included in their financial health plan. We do not try to promote one benefit over another. However, our help can help an existing HSA program when it comes to medical bills. These will be included in the official plan, regardless of the customer’s final choice. In addition, Countrywide will provide superior membership services and streamlined administration. The result is a financial health plan that every employee can use.
We are committed to providing outstanding service to all customers and their employees. If you are interested in what we do, we invite you to contact us as soon as possible. We are happy to answer all your questions and show how our help is helpful and appreciated by the employees.