Hancock Regional Hospital: Payment Plans Available?

Hancock Health offers payment plans for patients who are unable to pay their medical bills in one go. Patients can set up a payment plan by contacting Patient Financial Services. Hancock Health accepts cash, personal and cashier’s checks, money orders, credit and debit cards, and Healthcare Savings Accounts (HSAs) as payment. Hancock Health also accepts most major insurance plans and works with numerous health plans, although insurance coverage and copayments vary by carrier and procedure.

Hancock Health offers payment plans

Hancock Health accepts most major insurance plans and is often more affordable than other area health systems offering similar care. They also work with numerous health plans, although insurance coverage and copayments can vary by carrier and procedure. Patients are advised to check with their insurers to determine if their specific surgery or treatment is covered.

For patients who need assistance with their medical bills, Hancock Health offers the option to set up a payment plan. Qualifying accounts can spread their balance over 12 months with interest-free payments. If more time is needed, arrangements can be made with a low 12% APR interest rate. To initiate a payment plan, patients can contact Hancock Health's Patient Financial Services at (317) 468-44995.

Hancock Health also provides financial assistance to those with healthcare needs who are unable to pay. Patients can review the financial assistance policy and complete a financial application, submitting it along with supporting documents to the hospital for processing. Additionally, Hancock Health accepts various payment methods, including cash, personal and cashier's checks, money orders, credit and debit cards, and Healthcare Savings Accounts (HSAs).

Patients can use a cost estimator tool

Hancock Health offers a cost estimator tool to help patients understand the charges they can expect for different types of care. This tool allows patients to make informed decisions about their healthcare and plan their finances effectively. It is a valuable resource for those who want to compare prices and select the most suitable healthcare provider for their needs.

The cost estimator tool provides transparency and peace of mind for patients by giving them a clear idea of the anticipated costs before they undergo treatment. This can help patients avoid unexpected bills and financial surprises down the line. With this tool, patients can be proactive in managing their medical expenses and make more informed choices about their healthcare options.

Using the cost estimator tool is straightforward and user-friendly. Patients can input information about their specific healthcare needs and the tool will generate an estimate of the charges. This estimate will take into account factors such as the type of care required, the duration of treatment, and the specific services utilised. By providing customisable estimates, the tool empowers patients to tailor their healthcare decisions according to their financial circumstances.

In addition to the cost estimator tool, Hancock Health also offers other resources to assist patients with financial planning. For instance, they have collaborated with the Indiana Hospital Association on mycareINsight.com, which is a platform that enables patients to compare pricing across different health networks. This feature further enhances patients' ability to make cost-effective decisions and find the most affordable care options.

Moreover, Hancock Health is committed to accommodating patients with varying financial backgrounds. They accept a range of payment methods, including cash, personal and cashier's checks, money orders, credit and debit cards, and Healthcare Savings Accounts (HSAs). This flexibility ensures that patients can choose the payment option that best suits their preferences and financial situation.

Patients may receive multiple billing statements

Hancock Health is committed to helping patients make informed decisions about their care. They understand that medical bills can sometimes be difficult to pay. Patients who receive services at Hancock Health may receive multiple billing statements.

Firstly, you can expect a hospital billing statement for any services rendered while you were at the hospital. This statement will include charges for any services provided by the hospital during your stay.

Secondly, you may receive separate bills for specialty services. These could include radiology, cardiology, emergency room physicians, anesthesia, pathology, or other physician services. For example, when a radiologist sends you a bill, it is usually for reading or interpreting X-rays, ultrasounds, or MRIs. Similarly, you might receive a bill from a cardiologist for interpreting an EEG, EKG, stress test, or another type of test.

These additional billing statements typically include the phone number of their specific billing office, which you can call if you have any questions about the charges.

Furthermore, Hancock Health accepts most major insurance plans and works with numerous health plans. However, insurance coverage and copayments can vary depending on the carrier and procedure. It is important to check with your insurer to determine if your surgery or procedure is covered. If you cannot afford to pay your bill all at once, Hancock Health can assist you in setting up a payment plan. They offer interest-free monthly payments for qualifying accounts and low-interest rates for extended payment periods.

Hancock Health accepts most major insurance plans

Hancock Health is committed to helping patients make informed decisions about their care. They accept most major insurance plans and are probably less expensive than other area health systems offering the same care. They also have a cost estimator tool to help patients understand what charges to anticipate for different types of care.

Hancock Health also works with numerous health plans, although insurance coverage and copayments vary by carrier and procedure. Patients are advised to check with their insurer to determine whether their insurance covers the surgery they are considering.

If patients are unable to afford to pay their bill all at once, Hancock Health can help them set up a payment plan. For qualifying accounts, the balance may be spread out into 12 monthly interest-free payments. If patients need more than a year to pay their bill, arrangements will include a low 12% APR interest rate.

Hancock Health accepts cash, personal and cashier’s checks, money orders, credit and debit cards, and Healthcare Savings Accounts (HSAs) as payment. They also accept all major insurance plans. If patients are unsure whether their insurance qualifies as "major," they can call (317) 866-7300 to confirm.

Patients with no insurance coverage are always welcome at Hancock Health. Self-pay accounts refer to patients without insurance coverage and patients covered by insurance plans in which the facility does not participate.

Self-pay accounts are available for uninsured patients

Hancock Regional Hospital offers self-pay accounts for uninsured patients. Self-pay accounts are for patients without insurance coverage or those covered by insurance plans that the hospital does not participate in. Hancock Health is committed to helping patients make informed decisions about their care and committed to offering financial assistance to those in need of healthcare but are unable to pay.

For self-pay accounts, Hancock Health offers a 20% discount for payment in full at Gateway Immediate Care. This requires a $50 pre-payment for services with the remainder of the balance to be paid within 30 days of service. Hancock Health also accepts payment by Visa, MasterCard, Discover, cash, and check. Returned checks are subject to a $20 service charge.

Hancock Health also offers payment plans for those who need help paying their bill. For qualifying accounts, the balance may be spread out into 12 monthly interest-free payments. If patients need more than a year to pay their bill, arrangements will include a 12% APR interest rate. To set up a payment plan, patients can contact Patient Financial Services at (317) 468-44995 or 468-4687.

Hancock Health also works with AblePay Health, which allows members to decide which payment term (1, 3, 6, or 12) or payment method (ACH or Card) meets their financial needs for each bill. AblePay members can save up to 13% on their out-of-pocket expenses, and the entire amount of the bill is satisfied at the provider and gets applied to the deductible.

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