Every day, hundreds of insured individuals are surprised when they receive a high medical bill or high hospital bill. Insurance alone does not guarantee the majority of your medical or hospital bill will be covered.
According to a recent article featured in the New York Daily News entitled, “Hospital Bill Shock,” the author, Greg Smith states, “Individuals who think they’ve done their health care homework are finding out that insurance companies can outsmart them with fine print and self-serving rules.” For example, a New Yorker who resides in Queens and is employed by Verizon recently broke his leg and was taken by ambulance to a Hospital in July. Although the facility he was taken to was within his insurance carrier’s network, he still received a bill for $18,000. After closely analyzing his insurance policy, he noticed a caveat in very small type at the bottom of the covered providers list, “The information contained in this directory may change during your plan year.” This tiny addendum in the insurance policy severely affected this individual’s bill and this individual’s financial stability.
Situations unexpectedly like this are not rare, in fact, they are extremely common. Having health insurance does not guarantee your medical bill or hospital bill is absolutely correct and as low as it may possibly be. Having your medical bills audited has the potential to save you thousands of dollars. Even after your insurance has reduced the cost of your bill, there is still an 80 percent change there are significant mistakes in your bill. Be diligent in ensuring your medical and hospital bills are absolutely correct, Contact Relamatrix Medical Bill Review, LLC for more information or a free consultation regarding your high medical or hospital bill at (800)-653-7526.
Smith, Greg. “Hospital Bill Shock” New York Daily News. February 5, 2012