Financial Assistance for Medical Bills is given by the government or organizations to help the beneficiaries to pay their hospital bills and medical expenses. Usually, the prioritized individuals with this assistance are those who belong in the low-income and poor communities, senior citizens, children, and persons with disabilities.
The main goal of the Financial Assistance for Medical Bills is to clear the payment of the patients in a hospital and to provide the needs of the beneficiary related to his/her health or medical service especially for those who undergo extensive and painful medical procedures such as operation and therapies as it requires a huge amount of money.
Also, the program avoids the patients having depts just to pay for the medical expenses. For the patients, this assistance will aid them a lot especially for financial needs as the markets and demand for hospital expenses continue to rise as a result of the pandemic.
Generally, this assistance is 100% free and does not need to be repaid as long as the funds were used in terms of medical services and fees of the beneficiaries.
Medicare
A federally funded program by the government aiming to help individuals ageing 65 and above, individuals with an age of 65 and below with disability or permanent kidney failure.
The program helps the patients to pay their medical bills. This means that the program does not cover 100% of the medical services payments of its beneficiaries.
The program is divided into three sections, they are the following:
Medicare Qualifications
If you’re 65 years old or older
If you’re younger than 65
A government program that provides health care and financially assists the medical bills and service of the individuals who belong in the low income and poor community.
It’s the leading insurance provider in the United States that assists more than 70 million program beneficiaries.
Medicaid Qualifications:
Children’s Health Insurance Program (CHIP)
This program assists individuals or families who did not qualify for Medicaid but also cannot afford private insurance.
It is aligned to Medicaid and supports the families with children for the medical bills or expenses.
Children’s Health Insurance Program
HealthWell Foundation
Offers underinsured access to gain quality health care. The main objective of this foundation is to give financial support for prescription copays, health insurance premiums and deductibles, pediatric treatment and travel costs for medical care of their respective beneficiaries.
Patient Access Network Foundation
It gives assistance to underinsured individuals who battle life-threatening or rare and chronic diseases. The foundation provides financial assistance with copays, travel costs and health insurance premiums of the eligible individuals.
Patient Advocate Foundation
The foundation provides no-cost services to their working case managers in order to lessen the financial stress of the patients within medical expenses. They give copay and financial grants to the program beneficiaries.
The requirements to get Financial Assistance for Medical Bills depends on the program that you’re applying for. But here are some required documents for the application process.
Public Housing Program is established by the federal government aiming to provide a comfortable house for low-income individuals. It primarily gives safe and decent housing units for its eligible beneficiaries.
USDA Rural Development is a branch of the US Department of Agriculture aiming to improve the life quality, cooperatives, and economics of Rural America. It primarily promotes the growth and development of the lives of individuals living in rural areas.
Emergency Solutions Grant is a program created by the U.S federal government to assist individuals and families to gain housing stability. It prioritizes low-income individuals and families especially those who suffered from homelessness.
HEERF grants is a federal program that focuses on helping American students with their education. The said program was supervised generally by the Office of Postsecondary Education (OPE) and handled locally by different colleges and universities.