Considering that a significant number of Americans who seek bankruptcy protection do so at least in part because of overwhelming medical bills, there’s a little-known trick that could prove financially amazing for some individuals. A recent article from the New York Times suggests a very simple technique for saving money on doctor’s bills.
The Trick
Luckily, this “trick” for knocking as much as 25 percent off your medical bills isn’t complicated or difficult. Here’s what you have to do:
- Call the hospital or doctor you visited when you have a copy of your bill.
- Ask if you can have a 25 percent discount if you agree to pay in full over the phone (which usually means giving a credit or debit card number).
- Wait for results.
The caveat here is that you actually have to have 75 percent of the bill available in cash; otherwise, the strategy won’t work. But, if you’ve developed a savings account for emergencies or even for routine medical costs, you’re probably in a good position to give this a whirl.
Why It Works
So why would hospitals and doctors agree to accept less than the amount they charged you, often without any sort of negotiation? Because, accord
Tags: Bills, Medical Bills