How to Negotiate Medical Debt
If you receive a large medical bill know you can negotiate it by checking for errors, contacting your provider's billing department, and asking for an itemized bill in plain language.
How Much Should I Save for Health Emergencies?
Experts suggest your health savings should equal your out-of-pocket maximum. Not all health emergencies are created equal so knowing the average cost of the ER and the average cost of common emergencies is a good starting point for determining how much you should have saved in case of a health emergency.
Does Health Insurance Always Cover Emergency Room Visits?
In general, insurance companies will cover the cost of your visit to the ER (minus deductibles or copays), as long as your condition is deemed emergent. In some instances, like for the treatment of minor illnesses, you may be responsible for the out-of-pocket costs. Some emergencies can be treated at urgent care facilities instead of ERs to save money, such as sprains and stitches.
What is the No Surprises Act?
The No Surprises Act provides federal protections against most surprise medical bills and prohibits providers from billing patients more than the in-network cost-sharing amount. The No Surprises Act outlines a dispute process for surprise medical bills and establishes a patient-provider dispute resolution process for uninsured individuals to determine correct payment amounts.
How Can I Use HSA Funds?
You can use the funds in your Health Savings Account (HSA) to pay for IRS-qualified medical expenses, such as doctors’ visits and medications. You can pay for your IRS-qualified medical expenses using your HSA Bank Health Benefits Debit Card or pay out-of-pocket and reimburse yourself later with HSA funds.