Healthcare costs are seemingly rising every day, and for those facing critical illnesses such as cancer, the medical bills are also likely piling up. If you’ve asked yourself, “How can I get help paying my medical bills?” you’re certainly not alone. Americans across all walks of life — from differing backgrounds, and all grappling with a range of diagnoses and prognoses — are being impacted by exorbitant medical expenses.
The demand for lowering prices has generated a number of options for patients. Here are just a few:
- Medical Credit Cards: Many health providers offer this option to specifically cover medical expenses. It’s important to do your research before opting into a medical credit card, as they don’t all cover the same conditions and procedures. Credit requirements may also apply, along with strict repayment time limits.
- Specialty Credit Cards: Credit card companies often feature specialty credit cards to help customers in unique situations, such as those who are in school or are in a particular line of business. Some companies have also launched programs for specialty credit cards that can be used exclusively for medical care.
- 0% Credit Card: This is an option for those with very good credit, as most 0% credit cards require top-notch credit scores. If you qualify, you may be eligible to use the card without accruing any interest for a set time period; however, you have to pay off the balance before that timeframe ends or face high interest rates.
- Payment Plans: Negotiating an individualized payment plan with your provider can help alleviate some of the financial burdens. Each healthcare provider is different, though many will require a deposit followed by set monthly payments.
Another answer to the question “How can I get help paying my medical bills?” is Life Credit’s Living Benefit Loans. This program enables cancer patients and others to borrow against the death benefit of their life insurance policy, allowing a quick cashflow to seamlessly take care of mounting financial stress.
If you’re feeling the pressure from climbing medical costs, explore your options and find the plan that makes the most sense for your financial future. With the right tools, you can reduce the strain of financial stress and focus on your health.
Contact Life Credit Company online or call 888-274-1777 to learn more about Living Benefit Loans.