Medical Costs

Pre-Paid Medical Bills: Good or Bad?

Pre-Paid Medical Bills: Good or Bad?

I don’t know if any of you have ran into this situation, but medical companies are asking for you to prepay for upcoming surgeries. According to my research, this trend has been happening more and more, because of the increase in deductibles with insurance plans. Prior to this new trend, someone would have a surgery scheduled. They would go in for the surgery. The hospital would then file a claim with the insurance company. Once the insurance company processed the claim, then you would get a bill. This still happens today, but the hospital and medical providers are trying to jump the gun by having you prepay.