Episode 12: Breaking Down The Mystery of the Medical Bill

Send us Fan MailThere is no doubt that receiving a medical bill can bring on anxiety, especially since it can be hard to predict what you’ll be charged for a doctor’s visit, a procedure or any other medical service. If you get an alarmingly high bill, you might feel too overwhelmed to deal with it. If it’s a small bill, you might be tempted to pay it without giving it a once-over, just to make it go away. But it’s worth scrutinizing every bill you receive, given that error rates can be as high as 80%.It’s get real time, let’s tackle this topic and make it simple to understand so next time you get that bill…you’ll have the knowledge you need to review and address any concerns.What we will discuss:1.     The price estimate - Charges versus Allowables2.     Understanding your Explanation of Benefits (EOB)o   This is essential to making sure your providers office and insurance company are billing correctly for the services you received. Not verifying can potentially cost you money.  3.     What are your options if you need to troubleshoot a medical bill?Resources:How to Read Your Medical Bill - ZocDocGetting a Price EstimateFree Medicare Look Up ToolHealthcare BluebookSupport the show