Would you take this risk to save quite a bit of money?

Mindy D · ‎05-23-2010

Would you submit your tax return to the maker of an expensive diagnostic lab test to get a very large reduction in the cost of the test? Would you run the risk of sending your tax information to a lab company?

There is a specialized test that can differentiate GI problems and help a doctor make a correct diagnosis after other testing, upper endoscopy, colonoscopy, CT scans, upper and lower GI, has not been able to help the specialist come to a conclusion.

Only one lab in the U.S. has the rights to the testing. It's proprietary and the doctor makes no money when using the test. It's strictly for getting the correct diagnosis. If your insurance turns you down for coverage then you submit a form asking for a reduction of cost along with verifying documents, which would consist of income tax, to the company. The form goes to the lab company. They have a program to reduced prices when insurance does not cover this testing. Many private insurances cover the test but Medicare and Advantage Plans might not.

The test cost $750.00. The reduction would be lowered to a cost of either $75, $175, or $250, depending on income.

Anonymous032819 · ‎03-29-2019

NO!

The Sky looks different when you have someone you love up there.

On It · ‎03-15-2021

@Mindy D No, I would not give my private information to any company. It is just too risky. I am very concerned about the people who gave their DNA to Ancestry. It was bought by a private equity firm. Who knows what they will do with that info? It is very valuable to insurance companies.

Mindy D · ‎05-23-2010

@Anonymous032819 @On It @You would pay the $750 rather than the $75 to keep your tax information secure?

Note that the specialized lab company will already have your SS# and insurance information in order to submit the bill to the insurance company.

On It · ‎03-15-2021

@Mindy D Most definitely.

SurferWife · ‎12-12-2010

@Mindy D wrote:
@Anonymous032819 @On It @@You would pay the $750 rather than the $75 to keep your tax information secure

I know this wasn't addressed to me, but emphatically YES, I would rather pay $750 instead of $75. No way would I divulge PII to some company to save money!!

Time is just a drop in the bucket compared to eternity. It isn’t how long you live that matters; it is how well you are prepared to die. ~~Colonel Robert B. Thieme, Jr.

Melbalee · ‎10-17-2019

No way

Tinkrbl44 · ‎08-23-2010

@Mindy D wrote:
Would you submit your tax return to the maker of an expensive diagnostic lab test to get a very large reduction in the cost of the test? Would you run the risk of sending your tax information to a lab company?
There is a specialized test that can differentiate GI problems and help a doctor make a correct diagnosis after other testing, upper endoscopy, colonoscopy, CT scans, upper and lower GI, has not been able to help the specialist come to a conclusion.

Only one lab in the U.S. has the rights to the testing. It's proprietary And the doctor makes no money when using the test. It's strictly for getting the correct diagnosis. If your insurance turns you down for coverage then you submit a form asking for a reduction of cost along with verifying documents, which would consist of income tax, to the company. Many private insurances cover the test but Medicare and Advantage Plans might not.

The test cost $750.00. The reduction would be lowered to a cost of either $75, $175, or $250, depending on income.

@Mindy D

Are you sure you have to submit actual tax returns ... or submit the information on a financial statement form?

I'm asking because I know someone who has applied somewhere else to qualify for a very expensive drug, and fills out a form with the information. The foundation processes the information and then notifies them whether or not they are eligible. She has been receiving the drug free of charge ... the foundation also pays for refrigerated shipping of the drug.

Since you say Medicare & Advantage plans MIGHT NOT cover, that means they also might .... and I would exhaust all options with Medicare first.

One other thing .... can you determine how long this company has proprietary rights to this test? These rights are not indefinite. Good luck.

Tinkrbl44 · ‎08-23-2010

@SurferWife wrote:
@Mindy D wrote:
@Anonymous032819 @On It @@You would pay the $750 rather than the $75 to keep your tax information secure
I know this wasn't addressed to me, but emphatically YES, I would rather pay $750 instead of $75. No way would I divulge PII to some company to save money!!

@SurferWife

In the process of determining eligibility, they already have access to that personal information.

Mindy D · ‎05-23-2010

@Tinkrbl44

@Tinkrbl44 wrote:

@Mindy D wrote:
Would you submit your tax return to the maker of an expensive diagnostic lab test to get a very large reduction in the cost of the test? Would you run the risk of sending your tax information to a lab company?
There is a specialized test that can differentiate GI problems and help a doctor make a correct diagnosis after other testing, upper endoscopy, colonoscopy, CT scans, upper and lower GI, has not been able to help the specialist come to a conclusion.

Only one lab in the U.S. has the rights to the testing. It's proprietary And the doctor makes no money when using the test. It's strictly for getting the correct diagnosis. If your insurance turns you down for coverage then you submit a form asking for a reduction of cost along with verifying documents, which would consist of income tax, to the company. Many private insurances cover the test but Medicare and Advantage Plans might not.

The test cost $750.00. The reduction would be lowered to a cost of either $75, $175, or $250, depending on income.

@Mindy D

Are you sure you have to submit actual tax returns ... or submit the information on a financial statement form?

I'm asking because I know someone who has applied somewhere else to qualify for a very expensive drug, and fills out a form with the information. The foundation processes the information and then notifies them whether or not they are eligible. She has been receiving the drug free of charge ... the foundation also pays for refrigerated shipping of the drug.

Since you say Medicare & Advantage plans MIGHT NOT cover, that means they also might .... and I would exhaust all options with Medicare first.

One other thing .... can you determine how long this company has proprietary rights to this test? These rights are not indefinite. Good luck.

@Tinkrbl44 @@Your friend...how did she substantiate her income without using tax documents? Did the financial statement form just ask questions she answered with no proof her answers were true?