Med bills


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Med bills

  1. 1. As a patient, my rights include the following:<br />- The right to high quality treatment<br /> <br />- The right to a clean and safe hospital environment<br />- The right to informed consent to any treatment or medication<br /> <br />- The right to know whether treatment is experimental or part of a research study<br />- The right to make your own decisions regarding recommended health care<br />- The right to courtesy, respect, dignity, responsiveness, and timely attention to your needs.<br />
  2. 2. How does the medical billing process work?<br />- The doctor’s office submits a claim to your insurance company.<br /> - The insurance company will determine whether or not it covers the provided service.<br /> - The insurance company will examine the doctor or hospital’s credentials and determine if they are an authorized provider. <br /> <br /> - The insurance company will examine the medical necessity of the service provided.<br /> <br />The insurance company compiles the aforementioned information and then decides who pays for the provided services.<br />
  3. 3. Medical bills can dramatically affect FICO scores<br /> - Exactly what affect FICO scores play is a closely guarded secret.<br /> <br />Avoid paying medical bills with credit cards<br /> <br />FICO scores can be hurt by filing bankruptcy<br /> <br />FICO scores can be hurt by unpaid, partially paid, or delinquent medical bills<br />
  4. 4. Options when considering BIG Medical Bills:<br />- Pay your bills<br /> <br />- Negotiate your bills to reduce them to extend the payment period<br />- Don’t pay your bills (and wait for the lawsuits and bill collectors)<br />- Borrow money to pay your bills<br /> <br />- File bankruptcy and start over with a “clean slate”<br />
  5. 5. Tips for Lowering your Medical Bills:<br />- Do Your Research – Get a healthcare package that is right for you<br />- Take Care of Your Health<br /> <br />- Stay Informed – Know about medical events and information to help you spend wisely<br /> <br />- Combining health plans<br />- Making use of a flexible spending plan<br /> <br />- Invest in future good health<br />- Be prepared and know your options<br />  <br />
  6. 6. How to Avoid Medical Disputes<br />- Read and understand your insurance policy<br />- Keep all medical records or treatments, bills, and notes from conversations with physicians<br />- Read bills and explanations of benefits from insurance companies<br />- Avoid the temptation of running from your medical bill problems<br />
  7. 7. Resist paying medical bills with credit cards<br />- Hidden charges for credit cards can greatly increase the amount you end up owing<br />- Using credit cards to pay medical bills only creates a loop of payments that could end up costing you more when all is said and done.<br /> <br />- Using credit cards could increase stress levels <br /> <br />- Having multiple credit cards creates multiple problems<br /> <br />- Credit cards are an expensive way to borrow money<br />
  8. 8. What debt collectors can NOT do includes:<br />- Debt collectors cannot make false statements <br /> <br />- Debt collectors are not allowed to use threats or violence <br />
  9. 9. What if you can’t afford to pay?<br />- Know that you are not alone<br />- Emergency Care is a basic right – Hospitals are granted funds to treat and transfer individuals who need care to another facility<br /><ul><li>Know yourself and know your options</li></ul>The Biggest Money Saver:<br />- If you are in reasonably good health, work hard to stay that way!<br />
  10. 10. Medical Bills and Bankruptcy<br />- Filing for bankruptcy does have positive outcomes in that it provides you with a new beginning<br /> <br />- Bankruptcy allows you to rid yourself of the emotional stress and turmoil that comes with heavy medical bills<br /> <br />- Filing for bankruptcy allows you the option to rebuild your credit<br /> <br />- Make sure you choose the type of bankruptcy that best fits your needs<br /> <br />- Bankruptcy can help you put together a positive map for your financial future<br /> <br />- Bankruptcy is NOT quick fix plan, it is a long-term solution to resolve financial turmoil<br />
  11. 11. Benefits of Health Insurance:<br />- Cut costs for hospital visits and emergency rooms<br />- Reduce costs for several medical procedures<br />- Decrease the costs of visits to specialist doctors<br />- Make routine health checkups more affordable and accessible <br /> <br />
  12. 12. How can Allmand & Lee help you? <br />- If you’re considering bankruptcy as an option, Allmand & Lee has years of experience in handling bankruptcy cases.<br />- Allmand & Lee takes a results driven approach! Allmand & Lee wants to ensure that all clients benefit from their services.<br /> - Allmand & Lee care about their clients and want to help resolve their financial problems.<br /> <br />Contact Allmand & Lee today:<br /> <br />214-884-4176<br />  <br />