Unexpected Discount

I mentioned earlier today that we had a little bit of help with our latest debt payment. You may recall that I withdrew $400 from our savings account to make sure we could pay in full for some medical expenses that our health insurance wouldn’t cover.

They knew that our health insurance wouldn’t cover the expense and they ended up giving us a significant discount. It blew me away. I wrote out the check and gave a heart-felt thank you.

A decision had to be made on what to do with that extra money that we withdrew. Should we put it back to our savings or should we use it towards our debt? In my mind, the money was already allocated to medical expenses. Sometimes I take a while for me to shift gears and it took a few days to make a decision. We decided to put it towards our debt and included it with this latest payment.

Now it’s time to see how much more we can pay off without touching the $3,400 we have in our savings. It’s already the 10th! Yikes!

Posted by Tricia on April 10, 2009 at 10:10 PM in Life Experiences | 7 Comments »
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Rich Lykyu responded:
Posted: April 11th, 2009 at 12:52 pm
Thats great, most people dont realize that if you dont have insurance you can get a much lower rate on service because physicians have inflated prices for insurance companies. The insurers then beat down the claims, and limit what they pay out to the Dr’s. You can sometimes get reduced rates by paying upfront also. For instance my dentist offers a 10% discount if I pay my full bill at the time of visit.
I recently wrote a post about other ways to control your medical costs http://richlikeyou.com/?p=171 if you dont mind me posting it.
Jay Gatsby responded:
Posted: April 11th, 2009 at 4:41 pm
Put it towards your debt. It is money you don’t need and already allocated. All you’ll be doing is reallocating it. The Government does this all the time when adjusting the budget. It doesn’t reduce taxes when it has more money than it needs in a particular area. It simply reallocates the funding.
Betsy Bargain responded:
Posted: April 11th, 2009 at 6:28 pm
That was a stroke of luck. That’s terrific that you were able to put these extra funds toward your debt. I think that was a wise move.
Loren responded:
Posted: April 11th, 2009 at 8:41 pm
I used to work in a medical billing doctor’s office (MANY MANY doctors), in the accounting department (works in account collecting first) and can tell you that if you ask, most times you will get a discount. They’d rather give a discount than pay the huge cost of collection percentage. Also, they are allowed to write-off so much per year and discounting for patients qualifies under this tax law.
Jen responded:
Posted: April 13th, 2009 at 8:06 am
That’s great! It’s always wonderful when people treat each other as people, and not just income streams. Or at least show they value you. I recently had a car repair done – the third this year :S My mechanic waived the charge since I’m a regular customer and have been going there a number of years. I was really happy, and thankful!
Henry responded:
Posted: April 13th, 2009 at 4:12 pm
Just milk every bit of time from that 0% interest rate that you have. Save while the debt doesn’t cost you anything then knock it out.

Meanwhile, bask in the knowledge that the debt could be eliminated on demand.
Aaron responded:
Posted: December 4th, 2009 at 7:15 pm
Thanks for sharing the link – but unfortunately it seems to be down? Does anybody have a mirror or another source?

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