Suggestions For How to Best Finance a Hospital Stay

List: Posted: 12/10/10

There are a lot of things in this life that that we can't be certain of. Getting sick, however, is not one of them. If you become so sick that you go to a hospital, or if you suffer an accident and need emergency treatment, you'll have to pay for medical expenses if you live in the States. Financing a hospital visit is not easy, especially if you have to take unpaid sick leave from work and you aren't bringing home any income. There are some things you can do, though, to ease the financial pressure.


The first thing you should do when you receive your bill is to try to negotiate it before you worry about financing it. At the discretion of the doctor or hospital, you may be able to negotiate a reduction in your bill if you can provide valid proof of income (pay slips etc) to show that you earn less than the national poverty line (in 2010 the poverty line for a single person less than 65 years of age is US $11,161; the threshold for a family of four, including two children, is US $21,756). If you live under the poverty threshold line, you might be able to get your bill reduced, and therefore, you'd end up financing less. Always work with the hospital to form a payment plan.


When you're financing your hospital stay you should also be aware that most hospitals have programs that will pay for some or all of the expenses for you. They don't often mention them but they are there. Additionally, there are government programs that help people who are financing medical bills, such as Medicaid.


Perhaps one of the most important things to remember when financing medical bills is always read the bill, no matter how long it is. Make sure that the charges on there aren't for services you didn't have.


Trying to save money can be hard in this economy, but you never know when you may be financing medical bills. It’s strongly recommended by financing experts that you should try to save three to six months’ salary as an emergency reserve. This will make living much easier when you don;t have to worry about financing surprise medical costs.

Hospital And Medical Insurance Policies

    It’s finally here, access to affordable Health Insurance for Washingtonians! We help you learn about your options in the exchange, calculate your premium with the Subsidy Calculator and call or email the dedicated quote and enrollment team to help you navigate your way to finding the program that fits your needs and budget. Confused about your options? Don’t worry, we've got you covered Washington! We know all the plans and can quickly help you determine which one is right for you.

    • 4117 43rd Ave Ne
    • Seattle, WA 98105
    • (855) 760-0231

      Cigna is a global health service company dedicated to helping people improve their health, well-being & sense of security.

      • 701 5th Avenue, Suite 4900
      • Seattle, WA 98104
      • (206) 625-8892

        Affordable health insurance for residents, families and businesses located in the state of Washington. Fast, free quotes.

        • 3103 S Charles St
        • Seattle, WA 98144
        • (206) 323-7099
        • Seattle, WA 98101
        • (800) 926-2588


        Did you enjoy this article? Let us know what you think.

        Add a Comment


        The material in this article is for informational purposes only. The views expressed in this article are those of the author and do not necessarily reflect the views or opinions of See Additional Information


        More about Features

        Socialize With Us

        © 2014 Local Corporation - US Patent 7,231,405
        Some data provided by Acxiom. Questions and Comments? Send us your feedback!