How A Payday Loan Can Help Pay For Expensive Medical Bills
More and more people are having to pay higher co-payments for medical bills even if they have insurance. This is a result of two primary factors. One is due to the increase in medical costs, and the second, is because insurance is paying less.
So, what do you do if you have a medical emergency, but don’t have the extra money to cover the out-of-pocket costs? That’s where Title And Payday Loans can help. With access to payday loans you can bridge the gap in-between paychecks to get the cash you need to seek medical treatment.
In this article, you will find out why you are paying more in medical bills and how a payday loan can help.
Why You Are Paying More In Medical Bills
Today, most people pay some more for health care. According to the latest statistics, around 20 percent have expenses more than $1,000 and another 8.2 percent had expenses that exceeded $2,000.
The average cost of out-of-pocket expenses for children is $283 while senior citizens had to bear the cost of approximately $1,215 a year in co-payments and out-of-pocket expenses.
Some people who opt for a cheaper insurance premium will find their deductible is higher so that is a cost. Others may find that insurance doesn't pay for certain drugs or necessary procedures. An emergency room bill could cost $3,000 or more depending on the severity. An ambulance can cost $1,000 or more.
A lot of dental work isn't covered under many insurance plans. An emergency dental bill can amount to several hundred dollars or more if you don't have insurance.
One reason for higher medical costs is that doctors and dentists are using newer, more expensive technology. It's great for diagnosing and treating an illness but it costs more money to buy and operate.
Another reason for additional costs is liability insurance. All medical professionals and hospitals must have medical insurance that covers them in the high-dollar figures because of the risk. They then pass that cost onto their patients.
Another reason out-of-pocket expenses are higher is because sicker, poorer people were put into the insurance system under the Affordable Health Care Act. These are people who never sought medical treatment and have numerous health problems. Their insurance premiums are lower because the government offers subsidies. Yet, someone has to pay for the cost of their subsidies and medical care and that is wrapped up in overall cost.
How Payday Loans Can Help
One way to offset a surprise medical bill or trip to the emergency room is with a payday loan. These are short-term loans that are repaid on your next payday. They can, in certain situations, cover the cost of a co-payment, a dental bill, or prescription medication.
The borrowing amount you get from a payday loan depends on your earnings and ability to repay. One advantage of these loans is that even those with bad or no credit can seek them. That's because they are offered by private lenders and most welcome all credit types.
Finding A Lender In Your Area
The only thing that may be holding you back from seeking a payday loan to finance medical bills is finding a reputable one in your area. That's where Title and Payday Loans come into play. They have a list of recognized, legal, licensed vendors all over the U.S. There is probably one licensed in your state.
Some private lenders on TitleAndPaydayLoans.com offer up to $1,200 in a payday loan. They have fast decisions and a simple process to seek a loan.
Those wanting a payday loan will need three primary things. You need a job and evidence that you have a regular paycheck by showing your most recent pay stub. You will also need a driver's license or state-issued ID to prove you are who you say you are. Finally, you need a checking account that's active and lists you as an account holder. You will need to provide the private lender you choose a blank check from that account.
Getting In Touch
It's easy to find a private lender for payday loans on the TitleAndPaydayLoans.com website. All you need to do is fill out the online inquiry form. They do the rest. By submitting the form your information will be sent to a qualified lender in your area.
You will then receive a phone call from a loan representative who will talk to you about your needs, the requirements, and whether or not you may qualify. The next step is to take your documents to the store and talk with a loan representative.
When you arrive, they will validate your documents and guide you through some simple paperwork. You will wait in the office for a decision which is usually reached within 30 minutes. Those approved will receive their money either the same day or the following business day.
Submit The Online Form
To get started, send in the inquiry form and see the lender that Title and Payday Loans has for you. By doing so, you can find a payday loan that helps to pay your medical bills when they are due. It may just be the option you've been waiting for.
Submitting the information doesn't obligate you to accept a loan but can be the first step to getting the money you need to pay for your medical expenses. Complete the form today!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.