Alternative Way to Pay For Your Medical Bills

What if you have to go for no medical insurance for a certain time frame? When you decide to do so, you need to be prepared to deal with the consequences of it. As we all know, medical procedures can cost quite a lot of money, and it is one of the detrimental factors that push people to bankruptcy.

When you are not insured, especially when you are not eligible for any government-funded medical assistance such as Medicaid or Medicare plans 2020, you more often will be left vulnerable.

There are a lot of alternatives that can help you pay your medical bill if you are not under any insurance:

There are countless hospitals and doctors in the market. Each asks for a certain specific amount of fee. If you are not under any health insurance, it is wise for you to do your own research about the doctors and hospitals in your area. You can always give them a call and then find out the average fee for an appointment.

Many doctor’s officers will charge you a lower rate if you do not have insurance, but you need to ask for the discount. For some services, the doctor and hospital may even give you a reduced rate if you pay for it in advance.

Once you receive a hospital bill, you should immediately call and set up a payment plan. Often the hospital will offer a lower payment amount if you can pay the amount in full immediately. You can do this if you have the money available. Otherwise, you can set up a payment plan.

You can save on the amount of fee that you have to pay for your medications by asking a doctor for free samples when he gives you a prescription. They often have a lot of free samples available to give to their patients. Alternatively, you can request for a generic version of medication at the pharmacy and from your doctor, which cost less to fill. You may qualify for help with a prescription assistance program as well.

If you choose to not have any insurance, you can also set aside money each month to cover for your medical expenses. This can help you foot your medical bills when you need it. You can try to save at least $100 a month to cover the costs of doctor’s bills and medications.

Takeaway:

Even tho there are many alternatives to not getting insurance, you might want to reconsider it. Getting one with a high deductible and combining it with a health savings account can help you if you need emergency surgery or became seriously ill at a moment’s notice. You must pay it on yourself until you hit the amount of your deductible however, it can be a better alternative to paying all the medical bills by yourself.