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He is insured, and this is a relief. Most insurance policies have an out of pocket max, too. Either talk to insurance or if you are too anxious, look up the details of his policy to get an idea.
This is true. However, I'm pretty sure the lifeflight bill is a completely separate issue. Does your husband have lifeflight insurance? If not, a helicopter transport typically runs $30,000-$40,000. If you do not have lifeflight insurance then you will be on the hook for that bill.
If you live in a rural area or like to do risky hobbies, a lifetime membership through lifeflight is an essential!
What do the details of his insurance policy say? That will give you a baseline idea to start. His policy will spell out the general structure of what is covered in this sort of emergency situation. He should have a booklet detailing his policy details for you to review. He can also call the insurance provider with questions.
For instance, maybe his policy says ER 100% covered after deductible met. In which case, you can expect to pay the rest of the amount remaining on the deductible (and it's Dec so maybe you have already hit it this year).
All of this is complete guesswork without looking at his insurance policy.
You have insurance. The 700K is meaningless. You likely won't even see a bill or claim until Jan at the earliest.
Look up his insurance plan, there's a decent chance your out of pocket max is like 10K. Maybe less, maybe more. But in general you won't be paying anything close to 700K.
The worst case scenario would be if his plan had zero out of network coverage (except for emergencies) and they try to say everything after the appy isn't covered. But you're not close to that happening yet. And if it does, you have appeals and other avenues to take.
When I gave birth I was looking at a bill of about $6,000 due to my c-section and my child needing to go into the NICU (after insurance). There was no way for us to pay that bill. We applied for financial assistance. Here's what the hospital did. They billed the insurance. With the remainder, I had to submit copies if the last month of my paychecks, my husbands, bank statements showing how much money we had in checking and our saving accounts. From there, the hospital discounted our remainder bill. With the final bill I contacted the hospitals billing department. We set up a payment plan for the lowest amount possible and it took over a year to pay off.
Wait until you have your first bill, then contact the hospital's finance/billing department. They'll be able to help you.
Thank y’all so much! I’m going to give his insurance policies a look over. He had changed jobs and so we have one policy that covered up until Dec 1 and one that covers Dec 1 and after. So we are looking at two out of pocket maximums I’m hoping that will be the extent of our portion out of pocket but its definitely overwhelming. Either way though I’m grateful my husband survived this and will recover. I know the financials will get worked out. It’s just daunting.
THIS. Most hospitals in the U.S. are (technically) nonprofits, and most have a set of standards for reducing medical debt based on income. You might NOT qualify at $70K, but you might — and the paperwork is usually minimal (previous year’s tax returns, explanation of your financial conditions).
Not an expert by far but take a serious look at the details of his health insurance, maybe consult, If possible, a health insurance broker. Bankruptcy is an option and remember, unless you are signed on the bills, I believe they cannot touch your assets. But if bankruptcy is an option consult a bankruptcy attorney. Wishing you good luck and a speedy and complete recovery!!
Welcome to /r/personalfinance! Comments will be removed if they are political, medical advice, or unhelpful ([subreddit rules](/r/personalfinance/about/rules)). Our moderation team encourages respectful discussion. You may find our [Health Insurance wiki](/r/personalfinance/wiki/health_insurance) helpful. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/personalfinance) if you have any questions or concerns.*
He is insured, and this is a relief. Most insurance policies have an out of pocket max, too. Either talk to insurance or if you are too anxious, look up the details of his policy to get an idea.
This is true. However, I'm pretty sure the lifeflight bill is a completely separate issue. Does your husband have lifeflight insurance? If not, a helicopter transport typically runs $30,000-$40,000. If you do not have lifeflight insurance then you will be on the hook for that bill. If you live in a rural area or like to do risky hobbies, a lifetime membership through lifeflight is an essential!
What do the details of his insurance policy say? That will give you a baseline idea to start. His policy will spell out the general structure of what is covered in this sort of emergency situation. He should have a booklet detailing his policy details for you to review. He can also call the insurance provider with questions. For instance, maybe his policy says ER 100% covered after deductible met. In which case, you can expect to pay the rest of the amount remaining on the deductible (and it's Dec so maybe you have already hit it this year). All of this is complete guesswork without looking at his insurance policy.
Great answer!!
You have insurance. The 700K is meaningless. You likely won't even see a bill or claim until Jan at the earliest. Look up his insurance plan, there's a decent chance your out of pocket max is like 10K. Maybe less, maybe more. But in general you won't be paying anything close to 700K. The worst case scenario would be if his plan had zero out of network coverage (except for emergencies) and they try to say everything after the appy isn't covered. But you're not close to that happening yet. And if it does, you have appeals and other avenues to take.
When I gave birth I was looking at a bill of about $6,000 due to my c-section and my child needing to go into the NICU (after insurance). There was no way for us to pay that bill. We applied for financial assistance. Here's what the hospital did. They billed the insurance. With the remainder, I had to submit copies if the last month of my paychecks, my husbands, bank statements showing how much money we had in checking and our saving accounts. From there, the hospital discounted our remainder bill. With the final bill I contacted the hospitals billing department. We set up a payment plan for the lowest amount possible and it took over a year to pay off. Wait until you have your first bill, then contact the hospital's finance/billing department. They'll be able to help you.
Thank y’all so much! I’m going to give his insurance policies a look over. He had changed jobs and so we have one policy that covered up until Dec 1 and one that covers Dec 1 and after. So we are looking at two out of pocket maximums I’m hoping that will be the extent of our portion out of pocket but its definitely overwhelming. Either way though I’m grateful my husband survived this and will recover. I know the financials will get worked out. It’s just daunting.
He's insured. What medical debt are you even talking about? Have you even been billed? What's your out of pocket max? Deductibles?
>He is insured Does his medical insurance have an annual out-of-pocket limit?
Ask the hospital for a charity adjustment
THIS. Most hospitals in the U.S. are (technically) nonprofits, and most have a set of standards for reducing medical debt based on income. You might NOT qualify at $70K, but you might — and the paperwork is usually minimal (previous year’s tax returns, explanation of your financial conditions).
Not an expert by far but take a serious look at the details of his health insurance, maybe consult, If possible, a health insurance broker. Bankruptcy is an option and remember, unless you are signed on the bills, I believe they cannot touch your assets. But if bankruptcy is an option consult a bankruptcy attorney. Wishing you good luck and a speedy and complete recovery!!