Insurance

Insurance - All The Information You Need On Insurance

What Should I Do About Billing Problems When Using Hsa Money?


Insurance

If you run into a billing problem or misunderstanding with a hospital or doctor's office for which you're planning to use money from your Health Savings Account (HSA), you could be in trouble.

This article will help you understand how hospital and doctor visits are different when paying with a Health Savings Account. Not better or worse, just different.

If you have an HSA, you must have health insurance. It's a requirement. However, if you are using money from your HSA, it means that you haven't hit the deductible of your policy yet.

In this particular situation, life is a bit different when it comes to resolving billing disputes with hospitals.

Insurance companies have a comprehensive system for dealing with billing disputes when they have covered a hospital stay or doctor visit. But when they haven't covered it because you are still within your deductible, that comprehensive dispute resolution system doesn't necessarily apply.

Here are some points to keep in mind when you are dealing with a hospital in a billing dispute, and you have paid with HSA money. I learned these important points when I was talking to an expert in this field named Dr. Vincent Riccardi, who is the owner of American Medical Consumer (www.medconsumer.com), a company dedicated to helping people resolve billing disputes with hospitals and doctors.

Here's what Dr. Riccardi has to say:

  • First, discuss the issue with your physician. Sometimes the problem stems from an incorrectly applied billing code and the doctor can easily change it to please the hospital and resolve the problem on the spot.
  • Negotiate in person. Especially if you just don't have the money to pay a bill, it makes the best sense to negotiate face-to-face with the person at the hospital who has the authority to reverse or reduce the charges. Hospitals would often rather be paid part of a bill than risk losing the entire bill. Be honest and forthright and you may have a good chance in negotiating a reduced fee from the hospital. This includes the situations where it was a misunderstanding on your part. It's at least worth a try.
  • Don't bother going to the State Medical Board. In most cases, they are not able to help you. This is the case with most government agencies. Even the Departments of Insurance cannot help, because this isn't an insurance problem, it is technically a fee-for-service situation.
  • Recourse to a lawyer is usually not fruitful unless there is a big amount involved. For amounts less than $5,000 (which is what most HSA-style deductibles are), a lawyer probably won't be able to help you.
  • Remember that the only things that count in negotiations like this are the things that have been written down. If a doctor mentioned something to you but didn't write it down, it probably won't help you. Get things in writing all the way through the process.
  • I think of HSAs as a way to "be your own insurance company" for the small stuff (under your deductible). That is its power. But it also means that when it comes to disputes, you also have to "be your own insurance company" and take charge of the negotiations with the hospital, just like an insurance company would. Your willingness and ability to negotiate will influence your ability to get unfair charges reversed or, at least, lessened. But it's a "do it yourself" situation, so be aware of that when you sign up for an HSA.

    Daryl Kulak is the author of the book "Health Insurance Off the Grid - A Wonderful Way to Use Alternative Medicine and Save Money on Insurance Using the New Health Savings Account (HSA)."

    The book provides a nine-step plan to get your self-employed or small business health insurance costs under control using a unique approach you won't find anywhere else. The book is available for sale as an e-Book or paperback at the Website http://www.healthoffthegrid.com







    Car Insurance Rates   |   Dental Insurance   |   Health Insurance   |   Home Owner Insurance   |   Life Insurance Quote



    | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 |











    Car And Home Insurance Northern Ireland
    Don't skimp on insurance. This probably doesn't sound like a way to save money. But keep in mind the purpose of insurance is to transfer to an insurance company the financial risk you can't afford to carry yourself. Without formal insurance, you are de facto self-insuring - meaning you'll pay out of your own pocket in the event of a financial disaster such as loss of a home or a serious illness.For example, many renters don't own renter's insurance, which covers the loss of their personal property (no, the landlord's insuran...(related: Insurance)


    Filing Homeowners Insurance Claim Forms: What Steps To Take
    Filing a homeowners insurance claim can be done with ease if the proper procedures are followed correctly. Periodically reviewing your insurance policy and keeping up to date with what your duties and...(related: Insurance)


    Home Insurance: Premium Protection In Case Mishap Takes A Rain Check
    My whinstone house my castle is, I have my own four walls.This is truth for every home owner. Your home, your castle, your prized possession, your territory - which is certainly more than four walls. You would do anything to protect it against damage and injury. Damage and injury? Is that too dark a statement? Perhaps. But it is also very probable. Mis-happenings and accidents are things that don't have an allotted time slot. Nobody can calculate their coming and neither be prepared for it. You cannot be equipped to tackle them head on but you can certainly equip your self for the repercussions. Home insurance are practically formulated for the said purpose, something that is unlikely you have not heard about. It is also unlikely that you have...(related: Insurance)


    What Is Renters Insurance Really All About?
    Renter's insurance is protection intended for anyone who rents an apartment, home or other live-in dwelling. Purchasing renter's insurance can protect you against the risk of fire, theft, windstorms, falling objects, smoke, and vandalism. Another important aspect of renter' insurance is that it protects you against liability in the unlikely event that someone meets harm or injury in your home...(related: Insurance)


    Private Health Insurance: A Sense Of Dissatisfaction
    The three C's, customization, consumerization and customer-satisfaction, seem to be at the core of the business mantra for every service provider. The health insurance provider industry is no exception to this rule. With an increasing concern among the tax payers of US regarding the number of people uninsured in the country, there is a burgeoning market for the providers. Even though, this seems to be a buyer's market, there seems to be a lot of dissatisfaction among the people with the red tape and bureaucracy involve...(related: Insurance)


    Mortgage Life Insurance
    Owning a home is a dream for most of us, although it is an expensive one. The monthly payments usually take up a big slice of our monthly income, and the sudden loss in the event of you or your spouse's early death may leave your survivors unable to make payments. To make your family is protected from financial hardship, consider Pick-a-Term Mortgage Protection insurance.Pick-a-Term M...(related: Insurance)


    Health Savings Accounts (hsa): Do I Still Submit My Bills To Insurance When Using Hsa Money?
    The Health Savings Account (HSA) is becoming well-known as an incredible tool to reduce health insurance premuims and still provide good security for healthcare emergencies.This article is about submitting your medical bills while you are still under your insurance deductible, and what to consider before doing that.Generally, submitting your documentation to your insurance company even when you are paying with HSA money is still a good idea.I say this for two reasons.First, if you using servic...(related: Insurance)


    Individual Health Insurance Plans - How To Find The Best Provider Online
    Whether you are self-employed or a small business owner, finding an affordable individual health insurance plan has gotten easy with online health insurance providers. By comparing quotes and coverage plans, individuals are able to choose a provider that best meets their needs. Before you pick the plan with the low...(related: Insurance)


    Choosing Affordable Health Insurance For Children
    In most cases, private health insurance comes through a person's employer, who picks up the majority of the cost of premiums. However, today many people, who are either self-employed or who work for a company that doesn't offer health insurance, find it necessary to obtain quality affordable health insurance for children.There are a wide range of plans and offerings of affordable health insurance for children and it's necessary to pick and choose from among the many plans available. For example, if you feel your family may need alternative health options such as massage therapy or acupuncture, you'll want to make sure your plan covers these choices.Affordable...(related: Insurance)


    Finding Auto Insurance Comprehensive Coverage
    You can go online to easily find and quote auto insurance comprehensive coverage.The definition could include basically (2) trains of thought. Often the term comprehensive merely applies to thorough physical damage in the event of loss to the vehicle itself. That's when auto insurance comprehensive coverage comes into play.The other thought relates to overall benefits that include bodily injury, uninsured motorists, medical payments, under insured motorists, comprehensive and collision features. That essentially provides broad and pretty thorough coverage.A broad range of coverage's naturally determine the final premium to be paid. You can adjust by picking and choosing, then requiting and eventua...(related: Insurance)






    Google




    What Is Car Insurance?
    Car Insurance is compulsory in the UK. You are required by law to have a policy to cover your liability to other road users.The Road Traffic Act requires all motorists to be insured against their liability for injuries to others (including passengers) and for damage to other people's property resulting from use of a vehicle on a road or other public place. It is an offence to drive your car or allow others to drive it without insurance.Owning and driving a car means taking on many risks to yourself and others. When a traffic accident happens, damage, injuries, loss or all of these factors may be inflicted upon you and others. Damage and loss of your property may also occur. Fire, theft, vandalism and natural disasters are other possible risks.Car Insurance protects motorists and drivers ag...(related: Insurance)

    Why Dont Insurance Companies Reward Us For Being Healthy?
    Insurance is always a gamble, a bet actually.You are betting that you'll eventually get sick or hurt. And your insurance company is betting that you'll stay healthy.If you stay healthy your whole life, but still pay into insurance, that's great for the insurance company. Actually, it's great for you too, because you got to be healthy for your whole life. But you still lost the bet.So an insurance company is never going to reward you for being healthy. That's not the terms...(related: Insurance)

    Consequences Of Late Insurance Payments
    Did you realize that it could cost you more than a late fee when you make your insurance payments late? That's right, not only will you incur a late fee in most cases but also you are jeopardizing your current coverage and possibly your future rates.Let's consider what is probably the worst-case consequence of making late insurance payments. If you cut it too close and s...(related: Insurance)

    site-map - Copyright © 2006 Insurance | All Rights Reserved. | Insurance