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6 Steps to Raise Money for Medical Expenses with Crowdfunding

Health costs are the number one cause of personal bankruptcy in the United States.

Oftentimes, even those with medical insurance need help covering out-of-pocket expenses. Treatment costs are high, and insurance companies sometimes only cover the tip of the iceberg when it comes to direct medical expenses, never mind the incremental costs such as travel to treatment and integral follow-up caregiving.

There are more than 40 million people living with unpaid medical bills in the United States.

In light of this, thousands of families have turned to crowdfunding to aid in covering medical expenses. Crowdfunding is in the unique position of being able to help hundreds of thousands of additional patients and their families. At FundRazr, we see families every day that need support and are empowered to raise funds to fight their illnesses online. The unique benefit of using a crowdfunding platform like FundRazr is the access to a wider audience of potential donors.

However, setting up a campaign and crossing your fingers won’t be enough to achieve your goals and cover your expenses. Here are the starting steps for raising money using crowdfunding for medical expenses:

1. Add it Up

Calculate the costs of medical bills and related expenses (travel, follow-up caregiving, mobility equipment) to understand the amount of money you need to raise. Tell your audience what you’re raising for, so they know how they will be helping directly.

2. Sign Up and Complete Your Campaign

Setting up a campaign is simple, and contributors can donate directly on the site and be confident that you or your recipient will receive the money you need. Nervous about starting? All you need is right here.

3. Share Your Story

Storytelling is the most compelling form of communication. By communicating your needs and goals in an authentic way, you will be able to engage with more contributors. Encourage your friends and family to share your story to reach more people.

4. Keep People up to Date

Use “Updates” on your campaign page to share information with your supporters. They will appreciate the news, pictures, and patient status updates, as well as being able to see how their contribution has made a positive impact on your campaign. Here’s a primer on how to update your campaign.

5. Use Your Network

Using Facebook groups and community pages to engage your local community organizations, alumni networks, colleagues, patient groups, and friends and family to support you and gain exposure for your campaign. We’ve made it very easy to share your campaign with these built in features, because we know that people can’t help you reach your goal if they don’t know about your needs.

6. Ask for Help

We’re here to help you. The FundRazr coaching team has years of experience and cares about your success. We’ll provide any support and tailored coaching you need to help you achieve your goal.

Check out these FundRazr campaigns raising funds for medical expenses:

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Start raising money for medical expenses.

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