Surgery can be life transforming, whether it is a cosmetic breast surgery or an emergency-related health surgery. However, the huge bills that are linked with surgeries pose a great challenge to many of us.
Huge medical bills are the leading cause of personal bankruptcy today. This can be avoided by various techniques intended to mitigate the high cost of surgery. Listed below are some of the strategies one can use to buffer the high cost of surgeries.
1. Search for medical coupons
There are various drug companies that try to win the loyalty of their customers by offering to offset part of their initial bill. It is your duty to look out for these opportunities and grab them. You can simply ask your doctor if he or she is aware of any coupon opportunities. The internet is also a great way of looking out coupon opportunities.
2. Opt for personal health insurance
Personal health insurance is different from government insurance. With private insurance you pay your own monthly premiums without intercession of the government. A private insurance company can help offset part of your bill or even the entire cost of surgery. All you need to do is sign up with them and pay the required monthly premium which is normally set a reasonable price.
3. Seek professional help
They are a number of surgery billing experts out there who are knowledgeable on interpreting medical and surgical bills. They pose as medical advocates and in their line of work they look for overcharges and errors and use them to ultimately negotiate for lower rates. You can also try getting professional help from surgery billing companies that in addition to working with surgical centers and surgeons, also work with patients.
There are a huge number of people who saved up lots of money by approaching these advocates. They earn their fee from the money they negotiate at a lower rate.
4. Negotiate for a lower rate
There is no harm in asking your health provider to perform your surgery at a lower rate. Your negotiation may entail lots of unanswered calls, unreplied emails but do not give up. Keep pressing on for that lower rate.
5. Request for an installment payment plan
You can request your health provider allow you to offset your whole bill in installments. Paying in installments is much easier as you don’t feel the burden of clearing a huge sum of money at once. You might be required to sign a binding contract indicating that the money will be paid in the agreed period.
6. Take advantage of any employee health benefits
Various employers offer their employees a number of plans and packages and one of them is usually a health benefit. It is important to be aware of the amount that your employer is willing to give in case you have a surgery.
7. Look for an affordable health care provider
There is no set price for health care services and as a result hospital prices normally vary widely. Do your homework right and choose a health provider that fits your budget.
8. Avoid using a credit card
A credit card puts you in a bad bargaining position. Paying with credit card and asking for discount later is a bad move. No negotiation ever takes place after money has been received. In short, this is not sounds solution to buffer high surgery bills.
9. Ask your bank for a personal loan
Your personal bank can help you offset the surgical bill and you can later pay the bank in easy monthly installments.
Do you have any additional ideas to share to help mitigate the high cost of surgery billings? Please let us know in the comments section down below.