hsa

How to Dispute and Pay for Large Medical Bills

doctor getting ready to give a shot

Astronomical medical bills can be devastating to any budget. Here’s how to dispute and pay for large medical bills in six easy steps.

Review your bills

Typically, you’ll receive an Explanation of Benefits (EOB) from your insurance company in addition to the actual bill telling you how much you’re responsible for paying. It’s important to hold onto both of these documents and review them carefully.

How Does a Health Savings Account Work?

child trying on glasses at eye doctor

A Health Savings Account (HSA) is a smart savings option to keep your family and your finances healthy. It’s designed for people with an HDHP (High Deductible Health Plan) and can be used to pay for prescriptions, co-pays and other qualified medical expenses. An HSA is funded with pre-tax dollars which also helps reduce your tax liability.