Episode #633
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Wealth and health are closely intertwined, especially here in the US, where the high cost of healthcare can put significant financial pressure on families. But is there a remedy to these exorbitant expenses that Americans are missing? Stay tuned and we’ll show you how to negotiate medical bills—even if you’ve reached FIRE!
Welcome back to the “BiggerPockets Money” podcast!
Unpredictable healthcare costs keep many would-be retirees tethered to their nine-to-five jobs, but today’s guest has a solution. Jared Walker founded Dollar For, a nonprofit organization that has helped erase over $83 million in medical costs for everyday Americans. How? The Affordable Care Act (ACA) requires many healthcare providers to offer a program that discounts costs for patients, so Jared and his team simply use it to negotiate people’s medical bills on their behalf.
High healthcare costs affect everyone, whether you’re facing hardship, trying to reach financial independence, or already retired. In this episode, Jared will share tips anyone can use to minimize their healthcare costs and negotiate their own medical bills!
00:00 Intro
02:16 The Problem with US Healthcare
06:01 Negotiating Medical Bills
12:44 DIY Negotiation Tactics
19:27 “Easy” Expenses to Negotiate
26:22 Connect with Jared!
26:40 Tips for Early Retirees