More in Bank & Bill Fees
What this calculator does
This calculator suggests a target settlement offer for a medical bill. Use it as a starting point for negotiation with the provider or collections agency.
The math
Settlement target = bill amount × discount percentage. The tool also shows the remaining balance and the savings.
Worked example
A $5,000 medical bill with a 40% settlement target suggests offering $2,000, saving $3,000 if accepted.
Why this matters
Fees are often the fastest leak in a budget. This tool shows what a single fee costs over time and what to ask for instead.
Methodology and transparency
This page publishes the exact formula used to compute the result, so you can verify it in a spreadsheet or check the assumptions against your own situation. The worked example uses the tool default inputs; change any number and the result updates live in your browser. No data is sent or stored.
Common questions
Will providers accept a settlement?
Many will, especially if the bill is in collections or you can pay a lump sum. Ask for a written agreement.
Does settling affect my credit?
A settled collection may still be reported, but it is often better than an unpaid balance.
What discount should I ask for?
Start with 30–50% for recent bills and 60–80% for older or already-collected debts.