Allowing customers to pay with bitcoins can also help insurance companies guard against cyberattacks and data breaches.
Health insurance funds are among the main targets of cybercriminals . With bitcoin, these businesses can track all payments that come in to them. Businesses can verify that these payments are submitted securely. They can ensure that credit chargebacks and other fraudulent means are not used to steal their money.
Bitcoin and crowdsourcing boost health literacy
People want to get the most out of their health insurance plans. Meanwhile, health insurers want to tell their customers about their coverage and what it offers. Together Bitcoin and Crowdsourcing Are Growing health literacy on a personal and professional level.
In a crowdsourcing campaign, people can find out why someone is seeking help with their medical bills. They can get information about various medical conditions and the costs associated with them. From there, people can decide if they want to contribute to a crowdsourcing campaign. If so, they can use bitcoin to do it quickly and easily.
Health insurers can use crowdsourcing campaigns to understand the coverage needs of their customers. If a health insurance company finds that its customers frequently use crowdsourcing to obtain financial assistance for certain medical costs, it may consider rearranging its plans accordingly. Or, if a health insurer discovers that customers are crowdsourcing medical bills covered by their plans, they can contact those people if necessary.
How to Get Started with Bitcoin and Crowdsourcing for Medical Bills
In many ways, bitcoin fixes crowdsourcing , for medical bills and for other uses. Bitcoin allows people to contribute seamlessly and securely to crowdsourcing campaigns for these invoices. This way, people can use bitcoin payments to help those in need of financial assistance pay for medical bills. They can also ensure that people around the world can get the medical help they need.
If you have medical bills that are compromising your budget, a crowdsourcing campaign may be a viable option. By accepting bitcoin as part of your campaign, you are well equipped to get financial help from a wide range of people.
Learn as much as you can about crowdsourcing before setting up a financial aid campaign for a medical bill. If you’re going ahead with a crowdsourcing campaign, be honest with people. Provide relevant information on why you are seeking funding. You can then offer the option to submit bitcoin payments.
It may be beneficial to contact your health insurance company to accept bitcoin payments as well. As bitcoin adoption increases, many health insurers and their customers stand to reap the benefits. Look at companies that are leading the way in bitcoin-based crowdfunding health insurance, like Crowd Health .
Bitcoin allows health insurers to minimize cyber risk and offer greater flexibility to their customers. As health insurance companies see the benefits of bitcoin and its use in crowdsourcing campaigns for medical bills, they may be more inclined to adopt bitcoin. Over time, this may cause health insurers to integrate bitcoin into their day-to-day operations.
This is a guest post by Frankie Wallace. The opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.
