Suffering a significant injury or illness is tough whether you have experienced the incident yourself or have to stand by as a family member navigates their medical challenges.
The challenges associated with injuries and illnesses are magnified by the medical expenses that follow. Even if you have a good health insurance plan, you may still be expected to cover thousands of dollars in medical expenses. The question is, how can you cover all of these unexpected costs without neglecting your other financial obligations?
Here are three potential solutions you can explore:
Seek Affordable Medical Supplies
The costs of medications, braces, wheelchairs, crutches, and other medical supplies can be overwhelming. The good news is that there are numerous resources you can use to obtain more affordable medical supplies.
Several online programs provide prescription discounts that might be able to beat the prices available through your health insurance provider. Taking advantage of these discounts could save you hundreds in prescription costs.
Additionally, you could find providers that offer used or refurbished medical equipment, such as crutches or wheelchairs. These refurbished pieces of equipment are often available for pennies on the dollar when compared to brand-new alternatives.
However, seeking affordable medical supplies will not offset all the expenses associated with incurring serious injuries or illnesses. Still, decreasing the costs of your prescriptions and supplies can help alleviate your financial burden.
Set Up a Payment Plan
Patients receiving a large medical bill can also consider setting up a payment plan. Many healthcare institutions allow patients to set up payment plans to spread out the costs of their medical care. One potential issue with this approach is that sometimes, you cannot set up payment plans for care you have not received yet, even if it is designed to help you overcome your injury. Depending on the type of care, you may have to cover out-of-pocket costs before you can receive treatment. This is particularly common if the care is considered elective, such as chiropractic care. Some insurance companies may not cover any of these costs unless you meet your deductible first.
Take Out a Personal Loan
Fortunately, there is a third option that can help you cover unexpected medical expenses.
Personal loans are one way of covering life’s surprises, such as major injuries or illnesses. Going through a reputable company that offers clear repayment terms and rapid fund disbursement, like LendingUSA, makes it easy to receive the care you need when you need it.
LendingUSA offers fixed terms and payment amounts, and the loans it offers can cover a wide range of medical expenses, including:
- General medical care
- Medical devices
- Chiropractic treatment
If you or a loved one seeks ways to pay for emergency medical expenses, connect with LendingUSA. Filling out our application takes minutes, and you could receive a pre-approval decision in seconds. Start your application today or check your rate for free without impacting your credit.