Paying Hospital Bills

At some point in your attempts to settle your hospital bill, you are going to have to address the issue of paying your bills.  Your ability to pay your hospital bills all together in one lump sum payment is going to advance the negotiations of your debt.

It’s a good idea, to start putting money to the side each month, towards the money you are going to use to pay off your debt from the time you received your services to the point of negotiations.  Every dollar counts and the more time you have to accumulate your money the money you can use as a bargaining chip in your settlement.

Hospitals or the collection agencies used by hospital, all want to get all their money at once.  Most will ask you to pay by credit card if you don’t have all the money at once.  So if you have a credit card then it will make things a lot easier.  if you don’t start saving your money.

Getting them to accept a settlement offer of 60% to 70% of the entire bill because you aren’t working or have other factors is always more attractive if you are paying all that money all at once.  So strongly consider saving your money as soon as possible as part of your negotiation strategy.

How to Negotiate Hospital Bills

When it comes to negotiating your hospital bill there are a few things that you need to know.  Hospitals are not like regular creditors.  They like to play hard ball so if you are used to negotiating with your phone bill, cable bill, or any other types of bills be careful.

The best time to negotiate your hospital bill is when you first get your medical bill.  Whether its for regular medical services or for emergency medical services, the best time is to do it before they send your claim to a collection agency.

Believe it or not, the personnel at the hospital are easier to deal with then the collection agencies.  Once the collection agency report the hospital bill onto your credit record, your only recourse if to pay the entire invoice or else the negative marks will stay on your credit records.  They know you don’t want that and they use it to their advantage so try to work out a deal and settle the matter before it gets sent out to a collection agency.