Tag Archives: GoFundMe

Bad News if You Are Looking to Crowdfund Your Hospital Bills….

You may have seen people attempt to crowdfund their medical bills on websites like GoFundMe or GiveForward. These websites allow hundreds of strangers to make small or large donations amounting to thousands of dollars. Crowdfunding campaigns to reduce hospital bills are popular on Facebook, Twitter and other large social media websites. The bad news is that these campaigns rarely ever work. If you plan to crowdfund unaffordable medical bills, your chances of succeeding are a little over 1 in 10. An analysis by the financial website NerdWallet claims only 11 percent of crowdfunding campaigns for medical bills are successful at meeting their targets. The average campaign for medical bills seeks to raise $15,721 in donations. Although you are unlikely to raise money on GoFundMe for hospital bills, there are still other solutions for reducing medical debt. How Can You Reduce Hospital Bills Without Crowdfunding? Even people with health insurance can…
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