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Your young and your healthy, so you don’t really need to worry about big medical bills, right?

Well, think again. Even if you are both of these things, that doesn’t mean you won’t have a medical emergency tomorrow that will leave you with some whopping bills to pay.

It can be easy to get overwhelmed by the big numbers you see on your medical bills and just forget them all together.

But, let’s be clear about one thing: you have to pay these bills. If you don’t pay promptly, it will come back to bite you. In fact, recent reports by the Federal Reserve say that medical bills negatively affected the credit scores of 2 in 5 Americans.

So, how do you make sure you’re not freaking out about your bills and they get paid in a timely manner? Read on to learn 4 tips for paying off your medical bills in your 20s.

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1. Look at Your Insurance Plan

The real reason for your expensive medical bills may be a deeper issue.

It may be that you are currently on an insurance plan that isn’t right for you. There are insurance plans out there specifically for those in their 20s, such as a catastrophic health insurance plan, which is great for those who do not want to pay an expensive monthly premium, but still want protection in case of a major event.

2. Make Sure Your Bill is Accurate

Before you worry about how you’re going to pay, make sure what you’re about to pay is the correct amount.

Yes, billing mistakes happen all the time, and more often than not, the mistake is not in your favor.

Oftentimes, these mistakes involve billing you for medications you never took or services you never received.

For example, if you have an extended stay in the hospital, sometimes they will accidentally charge you a full day’s rate when in reality you checked out in the morning.

Therefore, it’s important to comb through the details of your bills before paying them to ensure you aren’t unnecessarily paying for anything.

3. Don’t Use Credit Cards to Pay Off Bills

While it can be tempting to just use your credit cards to pay off your medical bills, you should never do this.

Carrying a balance on your credit card can quickly lead to an endless cycle of debt, which in turn can lead to a negative effect on your credit score, making it more and more difficult for you to purchase things later on life.

Plus, medical bills often come with little to no interest, so putting the bill on your credit card, which likely has a higher interest rate, is just pointless.

Don’t Use Credit Cards to Pay Off Bills

4. Create an Interest-Free Payment Plan

It’s important to know that interest-free payment plans for your medical bills do exist.

However, for obvious reasons, they often aren’t explicitly advertised. So be sure you do some digging to find these.

Also, be aware that depending on the hospital or doctor’s office, your monthly payments are negotiable. Typically, they’ll start with a number that’s pretty high, so don’t be afraid to talk them down.

With these 4 tips in mind, it should be much easier to pay off your medical bills. If you have any questions about paying your medical bills off in your 20s, be sure to drop us a comment below.

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