How To Save Money on Medical Bills
October 19, 2015
Did you know? The #1 cause of bankruptcy in the U.S. is medical bills? In fact, 63% of Americans have larger medical bills than expected, making it difficult for many to pay them off without going into debt.
On this episode of Bay Alarm Medical Monday, we partnered with Rebecca Palm, Co-Founder of Copatient.com
Experts at Copatient review medical bills and look for any errors that might cause the bill to be much higher than should be. Eighty percent of the medical bills reviewed by Copatient experts have errors and with that help, customers save [on average] $3,000.
Since many of our BAM customers have experienced falls and trips to the ER, Alan and Rebecca discussed emergency medical bills. Rebecca gave us insight on what types of charges might be on the bill and if you are feeling empowered, she even has tips on how to go about the negotiating process yourself.
However, if you’re like me and need some expert assistance, Rebecca explains how Copatient works. It’s really simple! You start with a free up-front review. Whether they find errors or not, you will never be charged for a review.
If the expert finds errors, the customer gets to make the choice to either pursue the errors on their own or move further and get help. At the end of the service, Copatient will receive a percentage of the savings as they go at-risk with the customer.
If you ask me, that sounds like a great deal! It is definitely better than paying thousands of dollars on medical bills due to errors. So, if you have a medical bill that is difficult to understand and larger than you can afford, don’t be afraid to ask questions.
Whether you pursue the negotiation on your own or you get help from a family member or even a Copatient expert, you could end up saving thousands of dollars. Even more, you can avoid medical bill debt and bankruptcy.
Have you ever had issues with a large medical bill? Share your story with us on Facebook or Twitter.
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