How to handle large medical bills, when you can't pay them in cash

Worried About Medical Expenses? Here’s What You Can Do

Medical expenses can be astronomical, and anybody who has ever had a serious issue, been in the hospital or known someone who has, knows that. Even if you have medical insurance, you may not be eligible to get all of your bills paid for by an outside company.

If you wind up with thousands or even hundreds of thousands of dollars worth of medical bills, it can be hard to know exactly what to do about it. The problem might be yours, but the system isn’t always forgiving.

Use this guide to learn more about how you can handle large medical bills when you can’t just pay them in cash.
Whether you’re paying a company for an open MRI in Jersey, a bunch of lab tests or a hospital stay, there are ways around astronomical bills.

1. Don’t ignore it.


Like any bill, a medical bill ignored is a medical bill gone bad.

2. Talk to Insurance


Believe it or not, insurance companies make mistakes when paying out claims or giving the money they owe to service providers. The fact is that most insurance companies will also do anything they can to avoid paying big claims.

If you’re on the hook for a large medical bill and you don’t know how to deal with it, call your insurance company and make sure they got everything right before you go further. Sometimes simply straightening out the reason you had a service or test done can push them into covering you for it.

There’s no harm in making the phone call, so there’s no reason to wait.

3. Discuss Payment Options


Most people believe that doctors and hospitals want all of their money up front, in cash. While they might prefer that, most doctors and hospitals will work with you to make some sort of payment arrangements for services rendered to sick individuals.

Whether you end up paying a few hundred dollars per month or making one large payment followed by smaller ones is up to you. Most providers will work with you to make sure that you can pay the bill though.

After all, many doctors and hospitals don’t get paid at all for larger bills. Even if they don’t end up collecting every penny, most welcome payment arrangements so they can guarantee they will at least get something.

This works particularly well if your insurance is also paying for part of the services provided to you.
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