Undergoing a major operation or taking an unexpected trip to the hospital can put a serious dent in your savings. Even riding in an ambulance and going through routine tests can cost upwards of $1,000. Make sure you’re prepared for any situation by checking out these three tips.
1. Set Up a Medical Savings Account
If you have struggled to find the right insurance company or have not been able to get on an insurance plan, setting up a savings account that is specifically for medical costs is one of the best things you can do in the interim. Put away a little bit each month, and whether you find yourself facing an annual check-up or more exorbitant operating room charges, you will at least have something set aside to help cover the costs.
2. Look Into Payment Plans
Most medical offices or hospitals are willing to set up payment plans for patients incurring large medical bills. If you find you are tight on cash, call and inquire about your practitioner’s philosophy and structure around paying in increments. Sometimes all it takes is breaking down a large fee into smaller, monthly chunks to make paying it off seem far more manageable.
3. Keep Track of Your Bills
Occasionally, hospital records contain mistakes or accidental overages. Make sure you review each of your bills as they come, to determine whether there are any discrepancies. You may find that you do not owe as much as you thought! If you aren’t sure how to do this, there are companies and professionals who can help.
Medical bills can place a big weight on your mind and cause a lot of unneeded stress, especially if you are trying to heal and recover. If you are not fully insured, these three tips can help you navigate your medical bills.