Over 70% of medical bills have errors. Pretty crazy statistic, right?
Doing it yourself
- Always request an itemized bill
You typically receive summary bills from hospitals, doctors and specialists.
- Check your itemized bill for errors
Errors include duplicate charges, canceled tests or procedures, incorrect names and policy numbers or care that you did not receive.
- NEVER pay your bill until you’ve compared it to your Explanation of Benefits
The EOB is the statement from your insurance company that will have the rate that was negotiated with the provider. That is the rate you owe.
- Go online to check the prices other local facilities charge for the same procedure.
You can get this type of information at sites such as Healthcare Blue Book and FAIR Health.
- Medical bills can often be negotiated to a lower price or a payment plan can be created.
There can be a large disparity in the cost of services, so you should negotiate. One way to negotiate rates is to ask for their cash price.
- If your insurance company denies coverage, you should consider filing an appeal.
Hiring a professional
A Bill Review and Negotiation Services typically will not charge you unless they’ve saved you money.
- If your bill is over $300, you can submit your bill to a Bill Review and Negotiation Service
- Provide your information
Patient information, provider information, specific bill information including the bill itself, and your payment information
- This process usually takes about 3 days or less
- A company will typically charge 35% of savings, and if no savings are realized, you will not be charged at all