Opinions on hospital bill finance plan?

Question

I just wanted to get your thoughts on this deal. My wife had surgery recently. After insurance, our bill (deductible and copay) is $4,307. I spoke to the hospital today and if I pay in full, they will give a 35% discount, making the bill $2,799. The other option is to apply for their credit plan, handled by GE Financial. I can select 3, 6 or 12 month payment plan at 0% interest AND still get the 35% discount. That sounds like the way to go for me. I figure why spend the money sooner than I have to if they are going to give me 12 month 0% financing AND the discount.

Any reason that wouldn't be the best plan? I have excellent credit so qualifying for the plan isn't an issue.

Answer 1

Sounds too good to be true... WHY would they still give you the discount for NOT paying in full right off?? DID you misunderstand any part of what they said!!

Of course the latter part sounds best if you only have to make payments on the $2799.oo with no interest !! If you are sure there is NO CATCH then definitely take the 12 month option and pay it all off in 11 months no later!!!!

Check it out one more time to make sure you have it all right and get it in writing!!

Good luck!

: )