Why Form 2220 Unpaid 2022-2023

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...