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Med bills 2


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