Regardless of the situation, providing care for an ailing loved one is never easy. Not only are you facing a serious medical concern, but you are also left wondering how in the world you are going to pay for treatment costs—especially if insurance is an issue or if you are unable to work full-time hours.
Fortunately, there are plenty of suggestions for paying for medical expenses without insurance. While it might require some out-of-the-box thinking to get the assistance you need, know that many families have been in your shoes before and were able to get the help they needed. If you are currently struggling with the financial pressures of caring for a loved one, then here are some strategies for coping with health care costs.
Understanding Financial Pressures
When a loved one is seriously injured or diagnosed with a chronic or terminal illness, family members often take on the responsibility of being the caregiver. Much of this role involves providing meaningful love and support during the treatment process, but it also carries a great deal of stress and financial responsibility. It’s common for family caregivers to use much of their income and savings to pay for the medical bills and general living expenses of their loved ones. When insurance is an issue, many of these expenses may be paid out-of-pocket.
Additionally, caregivers also find it necessary to leave their jobs in order to provide day-to-day care. This holds especially true when caring for someone with cancer since 32 percent of caregivers spend more than 40 hours per week caring for cancer patients at home. Under these circumstances, caregivers face costly medical bills while being unable to work full-time hours. It’s easy to see how these financial pressures could build to the point of overwhelming stress. Rather than allow financial pressure to overwhelm you, look into some of these options.
A lot of people turn to crowdfunding to help pay for medical expenses. Part of the reason for this is due to the fact that, even with insurance, there can be huge gaps between what is covered and what is not covered. This can leave individuals in quite a bind—of course, they have to find a way to pay for medical expenses somehow.
In recent years, crowdfunding has shown that it is a great way to cover many of these gaps. Aside from these benefits, crowdfunding is a way for friends and family to rally around a loved one as they fight cancer or help pay for life-saving surgery. Moreover, participating in crowdfunding is also a great way for many individuals to try experimental procedures that normal insurance regimens may not cover. Things such as hyperbaric oxygen therapy, stem cell therapy, and antibiotics for non-traditional conditions are all things that crowdfunding can help cover.
2. Payment Plans
Using payment plans is just one of the suggestions for paying for medical treatment without insurance. One of the most surprising things about medical bills, unlike other types of debt, is that medical creditors will usually work with you as long as you make small payments. Moreover, there are many hospitals that will allow you to work out an interest-free payment plan. Ask if the treatment center provides financial counseling to patients and see if this would be an option for your situation.
3. Ask About Reduced Rates
True, the answer could be no, but you won’t know for sure until you ask. There are many medical facilities that will work with you on the cost of your health care if you just ask them. There are many medical expenses that can be haggled or reduced simply by knowing your rights and knowing the right people to talk to. Much of this process involves thoroughly researching procedures and items on the bill, and then discussing them directly with the hospital or healthcare facility. It’s definitely worth asking for a reduced rate—you may be surprised by the response.
When a loved one is diagnosed with a serious medical concern, family caregivers face significant financial stress in order to ensure that they receive the treatment they need. By adopting some of these strategies, you can reduce health care costs and take some of the pressure off.
For reliable home healthcare, let Welcome Homecare help you and your loved ones!