It sounds like you may have a high deductible plan. These plans have reduced premiums and higher out of pocket expenses. If this is a high deductible plan, you should have access to an HSA to save money tax free to cover these out of pocket expenses.
Its very possible that the reduction from 75k to 7k is just a contractual allowance, meaning that the hospital has, potentially, received no payment at all at this point.
Hospitals are often reluctant to discount on deductibles in these situations. You should check with their financial assistance contacts to be sure, and if they will not discount, you can start talking about making some kind if acceptable payment arrangement.
Good Bill and other services that claim to reduce your balance by somehow looking at the "itemized bill" are almost always ineffective, and if they charge a fee, I would go as far as calling them scams. Most commercial insurance rates are negotiated based on the service being performed not based on the charges submitted. If the hospital bill is 75k or 7k, the negotiated rate is very often the same.
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u/elevenstein 12d ago
It sounds like you may have a high deductible plan. These plans have reduced premiums and higher out of pocket expenses. If this is a high deductible plan, you should have access to an HSA to save money tax free to cover these out of pocket expenses.
Its very possible that the reduction from 75k to 7k is just a contractual allowance, meaning that the hospital has, potentially, received no payment at all at this point.
Hospitals are often reluctant to discount on deductibles in these situations. You should check with their financial assistance contacts to be sure, and if they will not discount, you can start talking about making some kind if acceptable payment arrangement.
Good Bill and other services that claim to reduce your balance by somehow looking at the "itemized bill" are almost always ineffective, and if they charge a fee, I would go as far as calling them scams. Most commercial insurance rates are negotiated based on the service being performed not based on the charges submitted. If the hospital bill is 75k or 7k, the negotiated rate is very often the same.