Worried About Your Medical Debt? Here's How To Pay Medical Bills Quickly
February 17, 2022 | Emma Frost
It is easy to become overwhelmed with medical debt. A quick trip to the doctor could easily cost hundreds of dollars. Throw in medication, specialist trips, and hospital stays, and you could easily be looking at medical bills in the tens of thousands of dollars. Even if you have insurance, it may not cover it all. The good news is there are a few tips and tricks on how to pay medical bills quickly.
Get Your Medical Bills Paid With These Tips
Know What You Are Tackling
A lot of people hide from their medical debt. After all, if you have are facing a bill for thousands of dollars while dealing with medical woes, it can seem quite scary. However, don't ignore your bills. That isn't solving the problem. It is making things worse. We always recommend that people start by knowing what they are dealing with.
This means collecting all of their bills and making notes of what is due on each. During this process, there is a chance that you will notice issues with the bill. It isn't uncommon for medical establishments to bill you for treatments, etc. that you didn't have. It isn't through maliciousness; it is a genuine mistake. Just make sure to get them wiped off of your bill soon.
Talk To The Biller
When you have been billed by a medical establishment, then reach out to the place that is billing you. This isn't something many people think about when it comes to how to pay medical bills. However, it is incredibly useful. In many cases, you will be able to negotiate discounts on your bill.
Trust us, most places would rather get paid something rather than nothing at all. You will be surprised at how many people get their bills reduced this way. And the smaller your bill is, the quicker you will be able to pay it off – meaning less debt for you and your finances.
Ask About Financial Assistance
You have a few options when it comes to financial assistance. Your first port of call should be Medicaid. There is a strong chance that you will qualify. In some cases, the medical establishment that billed you may have some sort of financial assistance plan in place. Again, they would much rather get paid than get nothing at all.
Arrange A Payment Plan
Once you have exhausted all options for reducing those bills, it is time to get a payment plan. Talk to the company that billed you. Tell them that you want to set up a payment plan. In many cases, this will be interest-free – which is the best-case scenario for you.
Tell the company how much you can spend each month. You can now work this into your budget. The more cash you can spare each month, the quicker you are going to be able to pay down that medical debt. The great thing about arranging a payment plan is that you are no longer going to be overwhelmed by a huge bill. All you need to think about is a much smaller monthly payment.
The debt is also not going to get bigger because it is interest-free. Just make sure that you meet the minimum repayments each month. If you are struggling, then you may want to consider looking into loans. If you do look into loans, make sure you choose the right one for your financial situation.
Don't Pay On A Credit Card
Whatever you do, never pay for your medical bills on a credit card. It may seem like a good idea at the time, but all you are doing is moving debt from one place to another. Chances are that the interest rate on your credit card will be much higher than that on the medical bills.
Need To Buy Medication? Use Title Loans To Help You Out
When it comes to how to pay medical bills, a lot of people think about the longer-term bills i.e. the ones that are going to set you back thousands of dollars. They never think about the shorter-term medical expenses like purchasing medication.
When it comes to how to pay medical bills, it can be trickier to deal with short-term expenses. After all, you don't have that much scope to negotiate if you need medication now. You are going to need to pay for it up-front, with cash. This is why you should consider title loans from Southwest Title Loans.
With an auto title loan from us, we can loan up to $15,000 as soon as the same day. This means that if you are in dire need of medication, you will be able to purchase it sooner as opposed to later. With title loans, you are using your vehicle’s lien-free title as collateral for the loan.
We here at Southwest Title Loans will also carry out a vehicle inspection to determine how much it is worth so we can determine how much you could qualify for. Do bear in mind that to receive a title loan, you must hold the lien-free title to your vehicle.
Title loans from Southwest Title Loans carry many advantages when you want to pay medical bills quickly. We have already mentioned the speed of our process, but these are some of the other benefits of a title loan from Southwest Title Loans:
- There are no checking account requirements;
- There are no employment requirements;
- All credit situations can be considered.
As we said, our process is fast. The bulk of it is carried out online or over the telephone. You will need to meet us in person for the vehicle inspection, but you can choose to come to the nearest Arizona car title loan location for that. Or, even better, you can even have the vehicle inspection carried out at your own home if you want.
Get Cash For Short-Term Medical Expenses Today
When it comes to how to pay medical bills quickly, your best bet is to negotiate a discount on your bill. You should then set up an interest-free payment plan. That way you will be paying off small chunks of the bill each month, and you don't have to worry about the debt rising.
If you need to cover expenses in the short-term, particularly pharmaceutical expenses, then title loans could be an option. If you need to cover medical expenses quickly, then a title loan could provide you with access to the cash that you need as soon as the same day. Get started by filling in the short inquiry form on our website.