Did you know that as a key contributor to their financial failure, 66% of people who file for bankruptcy cite medical issues? It’s no wonder why rising healthcare costs continue to be a hot topic of conversation. So, finding creative ways to save on healthcare costs should be top of your mind. Whether you have medical, coverage through your employer or insurance, here are some ways to save on medical costs.
Incorporate Healthy Habits
Finding ways to improve your general health and wellness can lower your out-of-pocket health care costs. After all, fewer trips to the doctor mean fewer copays and less money spent on healthcare.
Here are 4 simple actions you can take to live a healthier lifestyle.
- Wash your hands. Covid-19 serves as a major reminder to wash our hands frequently and correctly. Wash your palms, fingernails, and the backs of your hands thoroughly for at least 20 seconds.
- Get rest. When thinking of healthy habits, sleep often falls low on the list. But chronic sleep deprivation can increase heart disease, diabetes, stroke, obesity, and many other illnesses.
- Less sugar, more water. Drink plenty of water and eat foods high in water: Think cucumbers, watermelon, and celery.
- Sit less, more movement. Stand up throughout the day, stretch, take the stairs, and park further away: These are just a few ways to move more.
Ask If All Tests Are Necessary
Don’t be afraid to ask your doctor if all diagnostic tests are necessary for your health. You may think that doctor-ordered tests are standard protocol, but those tests could get expensive fast. Be sure to ask your doctor if all diagnostic tests are necessary for your health.
Here are some questions to get the conversation started.
- Why is the test being done?
- What steps does the test involve?
- How long will it take to get the results?
- What will the test cost?
Choose Your Doctors Wisely
Just because a physician or facility accepts your health insurance or Medicare plan doesn’t mean that your costs will be controlled.
If you’re on any health cover, consider these two steps:
- First, check if the provider accepts assignment. This means that the provider has agreed to accept the Medicare-approved amount as full payment for services. If your provider doesn’t accept assignment, then your out-of-pocket costs may be higher.
- Second, choose the right doctor for you. The ideal provider has specialized experience with those age 65 and over, which can save you repeated visits to the doctor. One way to shop around for doctors and specialists is through the KMPDC site. You can use this site to check providers in your area.
In general, researching and shopping around for the right healthcare provider could save you money over time.
Use Your Medical Benefits.
It might sound contradictory, but the healthcare expenses will ultimately be minimized by going to the doctor. Most insurance plans, including Endelea med, come with certain wellness benefits. Getting regular physicals and patient-specific tests can uncover minor health problems before they become major ones.
Let’s say a man gets a routine PSA blood test done, which reveals the possibility of low-grade prostate cancer. Early intervention makes the treatment cost far less early on, resulting in fewer trips to the doctor and fewer copays. In other words: lower cost.
Know the Difference Between Emergency Care & Urgent Care.
Some people don’t know the difference between emergency care & urgent care . But knowing which option to use in a given situation can save you money: Emergency room visits can cost far more than urgent care center visits.
Your initial reaction might be to go to the ER when you need medical treatment but can’t see your primary care doctor. But in many cases, an urgent care facility will serve you just as well at a lower cost.
Start by keeping a list of nearby ERs and urgent care centers handy. An urgent care visit is good for a minor illness or injury, but if your condition is life-threatening, always go to the ER.
Save Money on Medication.
The cost of prescription drugs can really take a lot out of your wallet. So, if you’re used to getting brand-name medications, consider asking your doctor for a generic alternative. It could save you money in the long run.
For seniors especially, the cost of medications continues to rise at an alarming rate.
One of the simplest ways for seniors to save is to find and compare Prescription Drug or talking to an insurance agent who is willing to research the medications you take.
Stress often increases with age, leading to a host of health problems. Finding ways to lower your stress can go a long way.
There are many ways to reduce stress in your daily life. Try things like working out or moving daily, spending more time with friends and family, and reducing your caffeine intake. And don’t forget to laugh more.
Bottom line: Don’t be afraid to do your research, ask the right questions, and incorporate healthy habits to decrease healthcare costs.