Hospital bills can be scary and overwhelming. If you owe medical debt, you're not alone. Studies show that 1 in 10 Americans owe medical debt.1 Let’s explore how to navigate often intimidating hospital bills and how to advocate for yourself.
Tips for Navigating Hospital Bills and Advocating for Yourself | Money
Hospital bills can strain your finances and potentially affect your future plans. One study found that 23 million U.S. adults had outstanding medical debts over $250, while 16 million owed over $1,000. Additionally, nearly 2/3 of patients reported delaying or neglecting care because they were worried about the costs. These tips can help you decipher your next hospital bill and potentially save money.2
1) Ask For an Itemized Bill
Requesting a line-by-line breakdown of what you owe can potentially uncover billing errors. Look for things like overpriced or inaccurate services and incorrect service dates.
2) Research the Codes and Costs
The codes and corresponding prices on your bill can be confusing. Typically, you'll either see International Classification of Diseases (ICD) or Current Procedure Terminology (CPT) codes.
3) Negotiate or Ask for a Discount
Have you received a medical bill that you can't afford? It may be possible to reduce the amount you owe. Here's how:
Don’t let unexpected medical bills cut into your budget. Let's talk about effective strategies for managing healthcare expenses. Contact the office to schedule a meeting.
1) "1 in 10 Adults Owe Medical Debt, With Millions Owing More Than $10,000." KFF, 10 March 2022, https://www.kff.org/health-costs/press-release/1-in-10-adults-owe-medical-debt-with-millions-owing-more-than-10000/.
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Effective Strategies for Navigating Hospital Bills
December 14, 2023