Doctor and hospital bills are routinely rife with errors and inaccuracies – costing you precious money. Save cash and peace of mind with these five tips on monitoring your medical bills, brought to you by The Healthcare Survival Guide: Cost-Saving Options for the Suddenly Unemployed.
1. Be specific when clarifying coverage with your insurer. Before receiving a medical procedure, check with your insurer to be sure what they will and will not cover. Keep detailed records of who you spoke with and when – this information will help you greatly when disputing a billing error.
2. Address billing errors quickly and aggressively. All too often, insurance companies and doctor’s offices issue incorrect bills. Don’t be a victim: insurance companies will often reprocess a claim, saving you money.
3. BYOM – Bring Your Own Medication. Don’t waste money paying for the same drugs at the hospital pharmacy.
4. Ask if you can pay in cash. Many hospitals offer a discount on bills paid in cash rather than check or credit. It never hurts to ask.
5. Opt for a non-teaching hospital, if possible. Community hospitals offer similar care as academic medical centers, and often at a lower cost. Ask your doctor.