Negotiating Your Medical Bill

February 6, 2012 in Health Insurance, Hospital Bills, Insurance Bills, Medical Care

There was an episode on the WE show, Downsized, where the family got hit with a $25,000 medical bill for one of the children. Paying it in full would have just about depleted all of the family savings. Could that bill have been negotiated?

Many people assume that hospital bills cannot be negotiated. In fact, only 13% of patients ever request a discount. The reality is that medical bills can be negotiated.

Here are some factors to keep in mind:

  • Educate yourself with the average price of the procedure in your geographical location. You might be surprised how much of a variance can exist between providers. (This site provides useful resources.)
  • See if there are discounts for paying in cash, paying a portion upfront or paying in full within a certain amount of time. You may find that discounts for cash pay patients without health insurance may already be in place as a provider process.

Statistics indicate that between 40% and 74% of people who ask for discounts receive them.


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