How To Save Money And Recover Faster From Disc-Related Pain Pt.1
The above video is the first in a series that I recently produced that explains simple ways to save money and recover as quickly as possible from sciatica and disc-related back pain.
In this first part, I explain the cost savings that can be had from simply paying for your health care at the time of service (and then getting reimbursed by your health insurance after the fact, if you have insurance). While it is illegal in most cases for health care providers to give you a discount just because you don’t have insurance, it is legal for them to provide a discount in exchange for payment in full at the time of service – as long as that discount is available to everyone (including those who have insurance). In some cases, that discount can be pretty substantial.
Using the example in the video, a high-end service such as an MRI may be discounted as much as 50-75% when you arrange in advance to pay at the time of service. Even for someone who has insurance, this can make a difference of as much as a few hundred dollars in the copayment amount for that service (for example, a 20% copayment on a $1500 MRI would be $300, but a 20% copayment for the same MRI done in the exact same facility at the payment at time of service price of $500 would be only $100).
This cost-saving approach can be used with the vast majority of health care services, not just those involving sciatica and back pain. The important thing to remember is to negotiate your discounts by phone BEFORE you show up at the health care provider’s office. Why? Because if you are calling on the phone, they know you are shopping for the best price, and they are more likely to give you their best deal. If you show up to have the services done and then try to get a discount, they’ll be more resistant to discounting (the fact that you’ve shown up means you’ve already somewhat committed to getting the services done at that facility), and the amount of the discount they offer will probably be less.
For those who have insurance, they may be intimidated by the thought of trying to get reimbursed by their insurance company. In most cases, it’s actually pretty easy. First you need to make sure that you get a receipt from the health care provider with the diagnosis and procedure codes. Next, you can either obtain a claim form from your insurance company (many have them available online to download) and fill in the information on name, address, social security number, date of birth, and policy number where indicated or, you can simply write them a letter with all of that information and attach it to the receipt. Then you just mail it in and follow-up in a few days by phone to make sure they’ve received it. Once your insurance company receives the claim, they’ll usually pay it within 30 days.
Now, if you are on an HMO, this strategy may not be all that helpful, but it has been my experience that people on HMO’s often decide to go outside of their insurance and pay out of pocket to get things done because they get frustrated with the lack of results from the “bare-bones” care that often comes with HMO policies. So keep this technique in mind if you have an HMO, you aren’t getting results, and you need to consider other options.
In the next installment in this series, I’ll be discussing ways to work with your health care providers to get the most effective and efficient treatment to help you recover as quickly as possible.
If you’ve found this information helpful, I would very much appreciate it if you would leave a comment on YouTube about it.
For additional information, check out my past posts on sciatica and herniated disc problems.