Posted by : Dougie Morris
According to the Bureau of Labor Statistics, 15 million Americans are unemployed and of those, 44.1 percent have been out of work for over 27 weeks. As a result, Americans are reporting a substantial increase in out-of-pocket medical costs. Even with health insurance, the costs of medical procedures are overwhelming. It’s no surprise that loans for medical procedures are sought out more than ever before.
- Insurance companies use a set of codes called ICD-9 codes. Ask your doctor which codes apply to the procedures you need. If you have health care insurance, call your provider and check how much of the cost they will cover.
- If you do not have health insurance, most states offer free or low-cost insurance programs to those with extreme medical expenses or low-income. Contact your state’s welfare office for qualification details.
- To cover the remaining cost of the procedure, or, if you don’t have health insurance, utilizing a credit card may be an option. Exercise this with caution- always pay it off as quickly as possible to avoid rolling into a debt cycle.
- When insurance or credit cards won’t cover the bill, the next solution is taking out a personal loan. Personal loans are designed for unexpected expenses like medical procedures. You can apply for a personal loan at just about any bank, credit union, or online lender. Shop around. It is likely that you’ll find the best rate with a multiple lender. Multiple lenders, like MoneyNowUSA, work with 150 different lenders who compete to offer you the highest amount of money at the lowest interest rate. Generally, the application can be processed and money deposited directly into your account within hours.
For more information on medical bills and payday loans