Our Mission
How we can help you
Understanding your unique financial situation based on your medical bills and income.
Recommending personalized plans to help you take the first step forward.
Providing tools to prepare you for both today and tomorrow’s medical and other expenses.
Why we started BuoyFi
41% of working-age Americans are struggling with medical debt. Many have no idea how they’ll ever pay it off.
Source: NPR – All Things Considered
In 2021, BuoyFi was launched
We’ve seen the impact rising medical debt has on patients and care providers. So we started BuoyFi to help patients calculate and negotiate affordable settlement and payment plans.
In 2022, BuoyFi conducted a medical debt survey to understand how medical debt affects Americans.
of respondents have medical debt between $500 and $5,000.
of survey respondents say they have health insurance coverage.
Americans surveyed have trouble paying for everyday necessities (groceries, transportation, childcare, and clothing) caused by overdue medical debt.
The survey found that three out of four Americans with overdue medical debt (75%) would like to pay it off. Almost half (47%) say they haven’t because they can’t afford to, and 41% say it’s because they have other bills that are more of a priority. For almost four in 10, overdue medical debt has caused them to have trouble paying for everyday necessities like groceries, transportation, childcare and clothing.
One of the most alarming findings of the survey is that, ironically, medical debt itself may be making people sicker. The survey found that having overdue medical debt led about a third of respondents to:
avoid seeking medical care in an emergency.
delay preventative medical care.
skip filling a prescription or take less than the full prescribed dose.
We wanted to do more
Debt forgiveness organizations and crowd-funding play an important role in addressing medical debt. Yet neither offer scalable solutions for the majority of Americans, or for care providers that rely heavily on patient funding to keep their doors and hospital beds open.
Patients struggling with medical debt want to pay what they can afford for the quality care they receive. But they often need help taking the first step forward when the medical bills are more than they can pay.
We created BuoyFi Calculator
Find affordable payment solutions
We provide personalized recommendations for paying medical bills based on individual circumstances so consumers can move beyond their immediate medical bills and back into a good financial space — and peace of mind.
More tools to strengthen your financial future
BuoyFi will soon offer other tools that help build savings, manage and pay bills, earn cash rewards, and build strong credit.
Earn money on everyday spending
Make saving for future bills easy
Organize and pay your bills
Earning your trust
From industry-leading data security to providing personalized settlement recommendations and world-class financial tools that empower our members to take control of their financial health.
Learn more about BuoyFi’s security protocols and data sharing policies.
