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How a company wants to reduce or eliminate your unpaid medical bills




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Most Americans think we live in a country with quality medical care– and have long regarded it as the the best in the world. However, the reality is that life expectancy is in decline as health costs are rising; so it is not surprising that the purchase of medical care costs more and more. Squeezing on personal savings or insurance may not even be enough to pay expensive medical bills. Therefore, 41% of working-age Americans have medical billing issues or are paying off their medical debt, up from 34% in 2005. For many, an expensive medical bill is all it takes to trigger the financial ruin as it is now. the first cause of personal bankruptcy. The worst is that people can just give up visits to the doctor to avoid the burden of medical expenses.

A company's mission is to repair this failing system so that people do not have to compromise between their personal and financial health. earnin, an application that allows people to be paid as soon as they leave their job, launches HealthAid, a service that negotiates unpaid medical bills to make them more affordable. To use the service, a member submits photos of unpaid medical bills through the app and gives a Earnin agent permission to negotiate a lower amount or an advantageous payment plan.

Earnin invited members of the community to try HealthAid and was able to save approximately 90% of people. "It was fast, fast and really very helpful," says Ankeeta, a community member who saved on health care bills using HealthAid. "The emergency bill that contained two bills that I was able to reduce by 50%." & Nbsp;

Earnin estimates that people can expect to save an average of $ 100 per medical bill. The higher the outstanding balance, the more likely Earnin is to negotiate a discount. In one case, Earnin was able to completely forget about a patient's $ 48,000 bill.

Earnin does not charge any fees or take a percentage of the discounts. Instead, if Earnin was able to negotiate a discount, he asks people to pay the amount they choose, if they wish. This approach has been working for the company for years with its main product, Cash Out, a service that allows people to track their wages and get paid for hours worked instead of waiting weeks for their salary. Earnin also does not charge fees for this service and instead asks people to pay what they choose, which has allowed the company to stay in business without ever charging fees.

"Earnin is helping the community fight an unfair system and believes that fairness means not forcing people to pay." Said Ram Palaniappan, founder and CEO of Earnin.

The audience has also tried to take matters into their own hands John Oliver of HBO and other local TV channels D.C.and Florida buy millions of medical debts for tens of thousands of dollars. While earnings on television may be reserved for the lucky few, Earnin's HealthAid exists as a more available option for those who wish to make their health care bills more affordable.

Earnin is deploying HealthAid to existing community members in the coming weeks. In the meantime, Earnin invites members and non-members to sign up for the service by joining their waiting list at the address www.earnin.com/healthaid.

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Most Americans think we live in a country with quality medical care– and have long regarded it as the the best in the world. However, the reality is that life expectancy is in decline as health costs are rising; so it is not surprising that the purchase of medical care costs more and more. Squeezing on personal savings or insurance may not even be enough to pay expensive medical bills. Therefore, 41% of working-age Americans have medical billing issues or are paying off their medical debt, up from 34% in 2005. For many, an expensive medical bill is all it takes to trigger the financial ruin as it is now. the first cause of personal bankruptcy. The worst is that people can just give up visits to the doctor to avoid the burden of medical expenses.

A company's mission is to repair this failing system so that people do not have to compromise between their personal and financial health. earnin, an application that allows people to be paid as soon as they leave their job, launches HealthAid, a service that negotiates unpaid medical bills to make them more affordable. To use the service, a member submits photos of unpaid medical bills through the app and gives a Earnin agent permission to negotiate a lower amount or an advantageous payment plan.

Earnin invited members of the community to try HealthAid and was able to save approximately 90% of people. "It was fast, fast and really very helpful," says Ankeeta, a community member who saved on health care bills using HealthAid. "The emergency bill that included two bills that I was able to reduce by 50%."

Earnin estimates that people can expect to save an average of $ 100 per medical bill. The higher the outstanding balance, the more likely Earnin is to negotiate a discount. In one case, Earnin was able to completely forget about a patient's $ 48,000 bill.

Earnin does not charge any fees or take a percentage of the discounts. Instead, if Earnin was able to negotiate a discount, he asks people to pay the amount they choose, if they wish. This approach has been working for the company for years with its main product, Cash Out, a service that allows people to track their wages and get paid for hours worked instead of waiting weeks for their salary. Earnin also does not charge fees for this service and instead asks people to pay what they choose, which has allowed the company to stay in business without ever charging fees.

"Earnin is helping the community fight an unfair system and believes that fairness means not forcing people to pay." Said Ram Palaniappan, founder and CEO of Earnin.

The audience has also tried to take matters into their own hands John Oliver of HBO and other local TV channels D.C.and Florida buy millions of medical debts for tens of thousands of dollars. While earnings on television may be reserved for the lucky few, Earnin's HealthAid exists as a more available option for those who wish to make their health care bills more affordable.

Earnin is deploying HealthAid to existing community members in the coming weeks. In the meantime, Earnin invites members and non-members to sign up for the service by joining their waiting list at the address www.earnin.com/healthaid.


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