Deductibles are renewed on January 1 for most medical plans. This means an employee will have to pay as much as $5000 out-of-pocket for the full medical benefit kicks in. Anyone who starts an expensive medical treatment that overlaps the years pays the 2020 deductible and must pay the 2021 deductible. This is how people run into medical bill difficulties.
A Sense of Panic
Medical bills are a different breed of cat. A person receives an Explanation of Benefits (EOB) and learns the magnitude of medical attention costs. The EOB, by the way, is not a bill. The figures, though, are still frightening. The anxiety and stress a person feels begin when the collection agencies start calling. Hospitals will send unpaid invoices to the collection agencies, and these will how the person for payment. The medical bills can be thousands of dollars. An individual begins to worry about financial wellness and does not know how to protect it.
Empathetic employers want to help their employees. These executives understand how debt demoralizes a person, and they will assist that deserving person. Countrywide Pre-Paid Legal Services provides a financial wellness benefit that will help people out of a money crisis.
The Best Possible Information
Information and excellent advice are cornerstones of the benefit. Countrywide has a national network of counselors. These are financial professionals who work with people to fix everyday financial problems. Our counselors practice social distancing, and people will feel safe at any meeting. The counselors give our financial wellness plan members priority status, and there is a Countrywide counselor in every community where we have a client.
Providing Superior Advice
Our financial veterans are aware of problems people have with medical bills. They will advise plan members on what to do. Hospitals and health care providers want their money but are willing to be reasonable. Payment schedules can be arranged so that the bill is gradually paid off.
A counselor will also explain the EOB, advise the plan member on handling the collection agency, and explain other payment options. Our counselors can also help a plan member with advice on how to budget for the payments. We will provide a budget analysis to help direct money allocation decisions. The financial wellness plan has other options that a person can use.
A Client Will Decide
Those options include help with college debt, assistance with bankruptcy issues, and information on buying a house. The benefits make our financial wellness program a comprehensive service. We ask our clients to help us design a plan for their employees. We explain all our benefits without trying to option over another.
The client management will determine what will be in the final plan document. We respect those choices, and we offer a streamlined administration so that help arrives faster than ordinary we also have superior member services for the plan members.
Courtesy and Understanding
People are terrified of medical bills and do not know how to pay them. Our counselors, who are understanding professionals, will listen. Solutions are suggested only after the full picture is understood. We insist that plan members be treated with courtesy, regardless of that person’s job title. Emotional intelligence is one of the criteria we use to select counselors who will be part of our programs. We received favorable comments from existing clients on the way their people are treated.
Medical bills do not have to be an emotional nightmare. The payments can be made, and debt managed successfully. The advice given by countrywide counselors will often make the difference. If you have any questions about our services, please feel free to contact us at your convenience. We are here to provide the help your employees need to face any financial wellness emergency.