Federal Grants For Medical Bills
Medical services have become unbelievably expensive. Common people have to think twice before availing any of the medical services. However, emergency medical conditions often land you in hospital when you least expect. Although, you may be insured under some medical insurance, you will still have to pay a substantial amount out of your own pocket. Those, who live on a limited income or are uninsured, get crushed under the pile of medical debt. Most of these people never manage to repay the full amount. As a result, their credit scores get affected if their case is reported to credit bureau. For such people, medical grants offered by Government as well as private organizations can come as a relief.
Medical Bill: Grants for Medical Bills
Federal Government offers several medical bill grants for medical bills payment. There are other private entities which also provide medical bill assistance for those who are unable to pay medical bills.
Federal Grants for Medical Bills
Federal Government offers billions of dollars every year in the form of various grants. All US citizens are entitled to these grants. However, the Federal Government imposes stringent rules for qualifying for such grants. If you satisfy all the prerequisite conditions you become eligible to avail the benefits of such grants. These grants may cover all or major part of your medical expenses. Federal Government offers grants for prescription drugs, medical, dental, psychiatric treatments, prostheses as well as for eyeglasses. Government grants are also available for alcohol and drug rehabilitation. You need to download an application form from the official Federal Government's website dedicated to the dissemination of its benefits. You will require to submit several documents along with the medical bill.
The United States Department of Health and Human Services (HHS) is a key organization dedicated to providing medical assistance to financially challenged families. Every year HHS offers around 75000 grants through its 300 programs. These programs take care of the medical expenses of the elderly as well as provide temporary financial assistance to needy families. Besides, Federal Government, your local state government also offers various schemes and policies for its needy citizens. You can avail special grants for conditions such as Parkinson's or Alzheimer's disease, cancer, stroke and heart diseases. The amount of grant money you can receive through such schemes is usually in the range of USD 5,000 to USD 500,000.
Financial Help Through Private Organizations
In case you fail to qualify for Government grants for medical bills, you can turn to private, charitable organizations. Certain private organizations may offer medical grants to their members. Churches are the most common type of organizations which offer medical bill help to its community members. Certain other organizations cater to the financial needs of a special interest group. National Association for Colored People (NAACP) offers financial assistance to people of African-American origin. Thus, if you are an African-American you can approach this society for medical grants. Some companies also offer grants to their employees who have been crippled by huge medical debt. Hence, you can inquire with your human resource officer if your company has such a program. Moreover, the hospital where you availed your medical services may also provide some assistance regarding bill payment. In certain rare cases, they may offer a complete waiver. Some private programs offer medical assistance to people suffering from certain ailments only. For instance, Elsa U. Pardee Foundation and Lance Armstrong Foundation offer financial assistance to people undergoing expensive cancer treatments.
Medical Bill Negotiation
If you fail to qualify for any of the above mentioned grants, you can consider about hospital bill negotiation. This, literally means talking things out with your hospital authorities. Most people shy away from negotiating their hospital bill, however, the truth is that around 70% of those who go for this option end up getting 20 - 50% discount on their hospital bills. Considering the total cost of medical services, this discount amount is substantial. This option also works in favor of hospitals, because if you fail to repay, your case is assigned to a debt collection agency. The hospital pays the collection agency for this job. Thus, a hospital never recovers the complete cost of your medical expenses. Hence, they would rather offer you some relief on your impeding debt than involve a third party and lose money to them. Also being vigilant while evaluating your medical bill is also important. Oftentimes, you may be charged for some service which you never availed. In such cases, the hospital readily waives off that amount.
Thus, to pay your unpaid medical bills, grants for medical bills provided by above mentioned organizations can be a huge relief. Also, do not hesitate to explore other means of financial assistance for covering your medical expenses.
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