Question
The company my spouse worked for in Mi, declared bankruptcy.Most people had left
and the company became self funded(CORESOURCE) We were told by HR that we would
have insurance for 6 mo.after bankruptcy.He also retired from this place when it
closed and declared bankruptcy. Any way he had surg that he had been putting
off, and I had a sleep study done etc.. We have paid most of the medical
bills.After we found out that we did not have insurance and the procedures were done,One hospital would only give a 20% discount for cash ,which is more $ than
they would get from insurance, Medicare,or the originial contracted amt with Coresource; they would not budge on amt.that they demanded from us. We pay them
monthly but it seems unfair.Any suggestions? It is a hospital-non-profit,
where I got my sleep study done.Thanks in advance for your reply.
Answer
Hi Donna!
Most providers/hospitals have their own Private pay rate and as long as everyone is given the same rate then it is fair.
The private pay rate is not based on what an insurance company will pay since an insurance company is not involved when you are paying a private pay rate.
I understand what you are saying but usually 20% is what most providers discount off the top. Sometimes you can get it to 35% but you usually have to pay on a credit card at that time and not make payments.
Usually the age of the bill also may help to get a bigger discount.
Tricia
