Pay Off Your Medical Bills Through Crowdfunding: A Detailed Guide

By: Zahabiya, Diamond

Published On: February 11, 2022

Crowdfunding for patients, medical conditions and hospital bills is a process that brings together a large number of donors who connect to, and feel passionate about a cause tied to healthcare, whether it is getting help with Covid-19 supplies like oxygen concentrators, helping a loved one fight cancer or getting one’s child the correct PICU or NICU support. With the right and well-timed social media strategy, fundraising for medical expenses can be a relatively quick and easy process. However, all of this requires a trustworthy crowdfunding platform for the best crowdfunding for medical expenses.

Why raise funds for medical treatment?

In today's technologically advanced society, most of our problems can be solved with the help of the Internet. From increasing public awareness to raising funds for individuals, NGOs, and even new business ventures. Healthcare access in India was already a concern prior to the outbreak. Approximately 63 per cent of medical expenditures are paid out of pocket by Indians. Data on global personal medical costs from the pandemic are hard to come by, but in India and many other countries, the treatment for COVID is a huge added burden at a time when hundreds of millions have lost their jobs.

Best Way To Raise Money For Medical Expenses

Even with huge medical expenses, it is feasible to seek funding for medical care and stay out of debt. The six choices listed below can assist in raising money for individuals with health conditions in clearing a debt and putting one on the road to financial freedom.

Seek advice from your doctor

Doctors and their assistants are well-versed in healthcare jargon and may be able to point you in the right direction, such as hospital or health group officials who may link you with various types of financial aid like medical crowdfunding or NGOs.

Inquire about generic medications

Medicines are divided into two categories: generic and combination. Generic medicines are off-patent medicines that may be manufactured by any pharmaceutical company without the permission of the original inventor. Paracetamol, for example, is a generic name. Generic drugs have the same active ingredient as branded medicines, are just as effective, and are far less expensive. As a result, it is usually a good idea to ask your doctor for generic medication. It will help you save money on your medical bills.

Compare the costs online

When it comes to comparing prices, the Internet is a brilliant leveller. You'll be surprised by the quantity of reference material accessible for medical pricing if you do a little research on Google or ask a query on Quora. Before you go to the hospital, find out how much a blood test or an ECG test will cost. Google their phone number or website, then contact their reception desk to inquire about costs. By being cautious and comparing pricing between hospitals and diagnostic centres, you might save a lot of money.

Crowdfunding can be used to raise funds for medical expense

Thousands of individuals and families have turned to best crowdfunding sites for medical expenses to help pay for expensive medical procedures when their insurance coverage is inadequate or even non-existent. Medical crowdfunding is a donation-based method to raise funds for a wide range of medical bills, including cancer, organ transplants, as well as surgeries and everything in between. Crowdfunding might help you get out of debt and focus on your recovery. When it comes to raising money for medical costs, there are several advantages to starting an internet fundraiser.

Here are a few examples:

During a difficult time, if you’re wondering how to get money for medical treatment, consider crowdfunding by starting a fundraiser for help.
Setting up your fundraising is a quick and uncomplicated procedure. In just a few minutes, you can start raising funds.
Accepting donations online for fundraising for medical expenses is straightforward, and the funds can be withdrawn quickly.
You can cut your medical debt and ensure that your bills are met via medical crowdfunding.

When you or a loved one faces an unexpected and unfortunate medical emergency or injury, with medical costs so high, health insurance may not be adequate, and you may be left scrambling for finances. When you don't have access to the right medical care or are wondering how to get money for medical treatment, it can be difficult to concentrate on your treatment. Crowdfunding is a quick and easy solution for you or others to get urgent financial help.

To raise funds quickly and hassle-free, it’s important to choose the best crowdfunding site for your medical expenses. The best crowdfunding site entails these features for campaigners–

Matching Donations-

India’s leading crowdfunding platforms like ImpactGuru offer matching donations as incentives on select fundraisers to enable donors to have a bigger effect with their donations. For instance, if a donor donates Rs. 50,000 to a cause and a 10% matching gift is active on that fundraising, ImpactGuru would add a 10% donation based on the contributed amount - in this case, Rs. 1000- to the donated amount.

Access to Free 24*7 Help-

Get 24*7 assistance available in just a click. Connect with medical experts and get accurate fundraising advice.

0% Platform Fees -

Platform fees are charged by the majority of crowdfunding sites. This covers both service and third-party costs. A non-refundable fee, commission fee, and external payment gateway fees are also charged by some sites. The best crowdfunding site will have a platform charge policy that is either low or non-existent. This guarantees that the donations you generate go to your fundraiser for medical expenses to the fullest extent possible.

Introducing Revamped Campaigner App -

Free Campaigner App for both Android and iOS to help manage your social media campaign better.

Support Fundraisers -

A support campaign is started to help raise a certain amount of the main goal amount. The funds earned by the support fundraisers are added to your target amount, allowing you to receive the funds you need faster and without having to handle the full amount yourself. 'Support fundraisers' can help you reach a wider audience and generate funds more rapidly. Make sure you have photographs that do justice to your story and share your story in an authentic way, to get donors' trust and help for your support fundraiser. You may start a support fundraiser for a friend, family member, or even a complete stranger.

All of these are available through ImpactGuru. Its simple tools and easy-to-use features can assist you in raising donations for any cause near and dear to your heart. Here are a few additional reasons to consider raising funds on one of India's finest crowdfunding platforms: