Turns out, 70% of Americans have less than a thousand dollars of savings at any given time, while most insurances have at least a $1,000 deductible. That means that even insured patients have serious problems paying their deductibles, and when the patients don't pay their insurer, the hospitals don't get paid either.

Jim was told that if he could afford to pay $350 at the time of visit, he would be able to save 60% of his total hospital bill. Hospitals pull ahead in their collections when they offer payment plans and incentives to patients. Next time you are in an Emergency Room, it just might be the hospital could cut you a deal.