Money Matters
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Raising money without a benefit?
Hello all,
I am in need of some advice. My father retired Jan. 1st this year and he paid into PERA instead of Social Security. So long story short he didn't have enough quarters paid into to qualify for Medicare. Fast forward a couple months later, he was diagnosed with prostate cancer. We have now discovered that he could pay into Medicare, but it is super expensive, especially for someone living on retirement pay. Insurance is now covering his medical bills after deductibles and what-not, but he still has a high account balance from when he wasn't insured. He refuses to have a benefit in order to help with the cost, so any other suggestions on how to raise money to help with his bills?
Thanks for any information/advice!
Re: Raising money without a benefit?
This doesn't answer the question you asked, but many state/federal funded insurance programs can backdate. Would he have been eligible for state Medicaid when he accrued these bills? If so, many times they can backdate coverage to cover the costs. Or if he was eligible to pay into Medicare at the times of those bills, while it may be very expensive, I would imagine it would be cheaper than the bills he owes, and perhaps they could back date that? You could also try to write into the hospitals or groups that he owes bills and see if they can reduce the amounts in exchange for partial or monthly payments. Many hospitals (clinics, etc.) are non-profit and will see uninsured patients, and they fully realize that they will never get paid the amount owed to them and therefore can take a tax write off for this, especially if it means they might get some partial payments. To the hospital, a tax write off and some money is better than sending someone to collections and probably never seeing any money.