Thank you for your comments. For clarity, ClearBalance doesn't pay the healthcare provider pennies on the dollar. The ClearBalance program is a benefit offered by the healthcare provider to their patients (you can pay your bill over time with no interest rate charge).
Lastly, the ClearBalance program is is not part of a "CA", but is offered via a bank. The program has been utilized by healthsystems and their patients for over 25 years and is very well received (patients in all 50 states have utilized this service).
Please let me know if you have additional questions.
Mitch
@Anonymous wrote:
In other words the hospital sells them your account for pennies on the dollar and you pay this (so-called?) "bank" the full balance. I would advise anyone with these types of bills to negotiate a deal directly with the provider at "pennies on the dollar" before they sell your account to someone else who expects the account to be PIF. I know nothing about this "bank" but they smell an awful lot like a CA to me. I'd try negotiating with them to lower your balance owed at the very least. Just my 2¢. I could be wrong, I frequently am. Best of luck to you and if you do have any success in negotiating please bring it back to this thread for the rest of us.
