More Americans worry about unexpected medical bills than any other expense, according to polls by the Kaiser Family Foundation in 2018 and 2020.
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Unfortunately, those bills aren’t rare: 18% of emergency visits and 16% of in-network hospital stays had at least one out-of-network charge, a 2020 Peterson-KFF Health System Tracker study found.
The No Surprises Act, which bans most surprise medical bills as of Jan. 1, could ease those worries.
“This law puts an end to the practice of charging patients exorbitant bills for unexpected, out-of-network care,” Sen. Patty Murray, chair of the Senate Health, Education, Labor and Pensions Committee, said in an email.
Here are answers to some common questions about the No Surprises Act and what it might mean for your finances.
What is a surprise medical bill?
A surprise medical bill is a bill that you weren’t expecting from an out-of-network…