There is nothing more important than your health. And it sometimes seems unfair when illness, accidents and other health conditions strike you down. You can do your utmost to eat well, stay active, and minimize risk, but it is unavoidable for some people. Rich or poor, everyone needs healthcare. And your financial situation shouldn’t be a barrier. Healthcare is expensive, and the medical bills and prescriptions can add up. If you are struggling to afford your healthcare, you are not alone. Two-thirds of bankruptcies in the US are related to medical costs, suggesting it is a widespread issue.
There is some light at the end of the tunnel, as there are ways to lessen the burden and reduce the costs of your bills. Here are five tips to help you save money.
Choose the right insurance plan
Selecting the right insurance policy is something of a balancing act. A more expensive plan sets you back financially, but it may end up saving you money on the services it covers. While a more affordable plan might seem appealing, you may have to foot some of the bills yourself. Weigh your options when picking an insurance plan, and don’t be afraid to switch if you think you’re not getting the cover you require. You could save money by opting for a policy with a lower deductible, a better coinsurance ratio, or a smaller copayment. Do your research before making a decision. If it’s just your teeth you’re worried about, consider a better dental insurance plan. Visit Primestar Dental Insurance to discuss your options.
Be smart about prescriptions
When you need a regular supply of medication, the costs add up over time. However, there are ways you can save money on your prescription. Some insurance plans offer discounts if you order a 90 day supply of medications, rather than renewing your prescription monthly. Alternatively, you could ask your doctor if there is a generic medication rather than the more expensive brand-name drug. In some cases, you can obtain free samples of certain medicines from pharmaceutical companies, so this may be a potential cost-saving option to try.
Check your bills
When you receive statements and bills from your insurance company, don’t just throw them in the trash. Scrutinize them to make sure everything is in order. There’s a chance they may have made an error somewhere or processed a claim incorrectly. Spotting these errors could work in your favor.
Seek out preventative care
When you experience a medical issue, it is best to seek preventative care immediately rather than hoping it will go away. If health problems are caught early on, they can be treated at minimal expense, whereas if they are allowed to escalate, there is no telling the extent of the financial damage you will bear.
Question your doctor
If your doctor prescribes a pricey medication or refers you for an expensive round of testing, don’t be so quick to agree. If your finances are on the line, get in the habit of asking your doctor for more information to ensure there is no alternative. If you explain your financial situation, your doctor may present a more cost-effective solution.
The best thing you can do to save money on your healthcare costs is to do your research and understand the various choices available to you. If you are facing extremely high charges, you always have the option to refuse treatment and find an alternative.