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How to Handle Unexpected Medical Bills

Medical bills are a major source of debt in Canada. One Canadian family recently found themselves with a whopping $30,000 bill following an unexpected medical emergency. 

Even small bills of a few thousand dollars can be hard to pay if you do not have that cash on hand. So how do you handle surprise medical expenses? One solution involves applying for fast loans.

Read on to learn tips on how to handle medical expenses quickly and affordably.

Review Medical Bills Carefully

One of the first steps you should take when facing medical debt is reviewing medical bills for accuracy. You can look at dates or services as well as descriptions of services provided during your medical treatment. 

Do not hesitate to ask your medical provider to slowly explain the details of the billing. Healthcare professionals are involved in managing a wide range of moving parts. So there is a reasonable chance that parts of your medical bill may have been entered inaccurately.

If you do find something that is not accurate, simply ask the provider to investigate the error and, if the data isn’t valid, remove the item from your bill.

Review Your Insurance Plan

Even if you have medical insurance, you may not be able to easily pay the deductible. As you examine this and other insurance issues, be sure to look over your insurance plan.

One question you should as is, “Were your claims denied for any reason?”

You may be near reaching your out-of-pocket cap. This could greatly help you use the benefits of your insurance. 

It can be droll work, but you need to understand the terms and conditions of your policy. If you believe you are being denied benefits that you are entitled to, contact your insurance provider. You have the right to appeal any decisions that you think the insurance provider made in error.

As with medical providers, medical insurance companies make errors, such as incorrectly submitted billing codes. This can cause healthcare providers to erroneously reject your claim.

It takes time, but examining your insurance benefits will ensure that you receive the coverage you are entitled to.

Ask Your Hospital or Medical Provider If You Are Eligible for Relief

Depending on your personal financial situation, you may be eligible for financial relief. Contact your medical provider and ask if there are assistance programs. Many hospitals and healthcare providers have programs that can reduce your bill. 

These programs do not typically automatically apply to your bill unless you ask. There may also be payment options that work better for your budget.

Apply for Fast Loans

At Eastern Loans, we may make accessing quick cash loans easy. Our easy-to-use loan approval process allows customers to access funds directly into their accounts on a shorter timeline than traditional loans. 

We offer our valued customers amortized loans that are repaid over time. Quite often, online loans are approved within an hour. Our payback period is flexible.

We allow customers to pay back their loans in 3, 6, or 12 installments. Fast loans aren’t for every situation. When time is a critical factor, such as following a medical emergency, they are ideal. 

By comparison, traditional loans may take considerably longer to procure. The benefits of applying for one of our fast loans include:

  • Preventing your credit score from taking a hit
  • Not tapping into emergency cash reserves
  • Access to loans even if your credit score isn’t stellar

Does accessing fast loans make sense for you? Our friendly customer service team is standing by to help you find the solution for your needs.

Do Not Rush to Pay Medical Bills

Do not pay your medical bill as soon as you receive it. This is especially true for high bills. Once paid, you may never get your money back, even if there was a billing error. 

Take your time. As you look over your medical bill, ask yourself the following questions.

  • Is the discharge and admission diagnosis correct?
  • Did the hospital get the admission dates correct?
  • Was I given the medications on the bill?
  • Is the listed procedure I underwent correct?

By taking your time, you may find errors that you can then dispute. Duplicate charges and coding errors are not uncommon on medical bills.

Negotiate Your Bill

Did you know that you can negotiate your bill in many circumstances? Just because you receive a bill does not mean that you have to pay it in full.

Call your insurance company. Ask if you can have a one-time exception to the bill. Your insurance may agree to cover the medical bill at an in-network rate. If they don’t, you can appeal that decision. 

Call the provider. Explain your financial hardship. Be polite and persistent. 

You can also try asking your provider to lower the fee to an in-network rate. That could save you one-third of your bill. Another discount could be the so-called “pay now” discount if you have cash on hand. 

Take your time and be patient. You may find surprise savings along the way. 

Schedule Your Fast Loans Application Today!

Medical emergencies are an unfortunate fact of life. By applying for fast loans, you can enjoy affordable payments that you make for a period of your decision. With all the hassle that comes with dealing with medical bills, let Eastern Loans give you one less thing to worry about.

Our excellent customer service team is waiting to help you find solutions to medical debt. Contact us online today to get started. 


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