Video instructions and help with filling out and completing Why Form 2220 Unpaid

Instructions and Help about Why Form 2220 Unpaid

Hi there Michael Bovee with consumer recovery Network thanks for tuning into our youtube channel deadlights today I want to talk about one of the attributes of trying to negotiate down medical bills and/or how you can hit a brick wall and it's a legitimate brick wall so when you're negotiating on unpaid medical bills but you were covered by an insurance policy and the insurer has made some form of payments to the medical service provider the hospital what have you they tend to have contracts with these service providers that they didn't get a discount so therefore they can't give you a discount on the portion on your copay or you know if you needed to meet a deductible and so you have to pace a portion of a thousand dollar medical bill and your insurer pay 800 and you have to pay 200 but you can't afford it and at some point you might try and negotiate a discount on that if you weren't insured or an insurer didn't have to pay any part of it or that insurer doesn't have what's called illegal discounting verbage in their agreement then you might be able to negotiate a lower payoff but if you're meeting with obstinance or you know somebody is just not gonna Bend on how much you have to pay you know sometimes you have to pay overtime and what's affordable make monthly payment arrangements to pay an old medical bill because you won't be able to discount it because they get in trouble right so if they extend a discount to you on that $200 let's say half off and they say okay just pay us 100 and we're good they didn't give half off to the insurer who paid them 800 and they're certainly probably not going to you know take your offer of a hundred and then go retro actively apply that as a benefit to the insurer and give them four hundred of the eight hundred back right 52 percent discount for you 50% discount for the insurer so you can usually forget that happening so you're stuck right you have options to deal with medical debt it's the number one reason or they were not the number one reason today but at some point medical tragedies and the bills that are associated with it are the number one reason why people find themselves in chapter 7 bankruptcy but chapter 13 - and then of course you have payment plans and oftentimes some things that you may not know about when dealing with medical bills is you might qualify for some type of reduction of services you want to try and apply for those as soon as possible and it's best when you're still dealing with the medical service providers internal office for billing or their billing company because if you qualify under some indigence types of guidelines especially at nonprofit hospitals a lot of times they write off the end or fully discount or largely discount some of the services that you receive so look into those things find out if that's an option okay but in the traditional sense and you kind of negotiate medical bills sometimes you're just not going to be able to accomplish your goals with those discounts see on the next video you