Start Your Medical Billing and Coding Career for Free

medical billing and codingThe good news is that if you looking to change your career or start a new one, the world of medical billing and coding is just waiting for you to start. As with any type of classes required to further your education, the main concern is the amount of money that is involved and how to pay for it. The government provides loans, grants and even assistance for work-study programs to the total of $80 billion annually.

Do You Qualify for Free Medical Billing and Coding Training?

There are a few qualifications that you need to meet in order to qualify for government funding for medical billing and coding classes. Some are items you can’t change while others require a little effort in order to accomplish.

  • You must have a high school diploma or a GED equivalent in order to be considered for any type of funding toward your medical billing and coding career. If you do not have these then you are required to sign up for classes. Don’t feel out of place, there are an estimated 800,000 people that start GED classes every year.
  • The school must be accredited and have Title VI acceptance. Certification programs are not acceptable. Medical billing and coding programs must be a 2 or 4 year program. This is for the Federal Student Aid programs to ensure that you are getting a quality education and not conned by unqualified programs.
  • FAFSA is the FREE financial aid program run by the government. Do not pay for information. Go to their site with the .gov not a .com. Keep in mind that you will need to apply by March of the year you wish to enroll in school for the following Fall.
  • Understand the type of aid you are getting. Not all of it is free. Grants and scholarships can provide you with  free medical billing and coding training but student loans can not.

Special Medical Billing and Coding Programs to Consider

  • If you currently work for a hospital they often have a tuition reimbursement program that will allow you to recoup your costs for your medical billing and coding classes.
  • Spouses of military officers can receive funds from the Military Spouse Career Advancement Accounts program.
  • Health Care Insurance companies often offer their employees a form of tuition reimbursement if they are pursuing a career in the medical field.

Money for More than Just Tuition?

You may need to cut back hours at work in order to obtain your medical billing and coding certification. This can put a financial drain and extreme stress on your situation. Some of the scholarships or grants offered through FAFSA can be used for:

  • Transportation costs- This includes car payments and gas money or bus fare if you don’t have a car.
  • Textbooks- These can range in the hundreds of dollars per quarter or semester.
  • Basic living expenses-Less hours means less money for food and utilities.

Being stuck in a dead end job is a slow agonizing death for a great deal of people. Exercising your knowledge in order to fund your medical billing and coding career will give you a new outlook on the future. Now that you know where to find the money you need, you can take the next step towards your new medical billing and coding career.

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