Reduce Personal Healthcare Costs

In the United States, it’s no secret that rising healthcare costs are a prominent issue. In addition, like taxes, paying medical bills is not something people can get away from. For example, more than 43.3 million people have problems paying their families medical bills.[1] These costs are not factored into the cost of living; so many people who find themselves stuck are not provided additional funds in the form of a raise or promotion to better manage their bills. But even then, your deductible could still be too high or maybe you are forced to pay out of pocket due to your health plan not covering what you thought it would.

 

Instead of waiting for the problem to solve itself, people are becoming smarter with how they save and manually reduce their healthcare costs.

 

Medications.
Medications happen to be one of the more expensive and essential items in your regular healthcare regimen. While there isn’t a ton you can do to cut corners here, there are a few things that could help save a few dollars along the way. First, ask your doctor if you’re able to take a generic version of the medication, rather than the name brand. You can also check with the pharmacist to see if your medication is available by mail order rather than over the counter.

 

Save ER Visits for True Emergencies.
When your regular doctor’s office is closed, maybe on the weekend or a holiday, it may seem like your only option is to go to the ER for treatment. If you need non-emergent medical care it is always a good idea to try and go to an urgent care or convenience care clinic (those located in a pharmacy or grocery store) first. These facilities are equipped to handle minor illnesses or injuries for less time and a fraction of the price of an ER visit.

 

Follow Orders.
It’s not surprising that people may not finish a full series of an antibiotic even though they were instructed to do so, or they may not take their blood pressure or heart medication because they don’t see a difference. Not following a doctor’s orders when it comes to self-care and taking proper medications could result in a more severe (and more costly) illness or introduce a new illness. Instead, simply follow your doctor’s orders. Getting better faster is cheaper than getting or staying sick longer.

 

Telehealth.
Most insurance plans or employee benefit plans will likely include some sort of telehealth or telemedicine service. This allows covered members of your family to receive care 24/7 from the comfort of their own home or while on the road. Instead of having to drive to the doctor simply use the service to connect with a board-certified physician via phone call or video chat. This is a great option for people who are unable to contact their regular provider or who are on the road and unable to make it into a traditional doctor office or urgent care.

 

Unexpected expenses, like medical bills and auto repairs, tend to happen at the most inconvenient time. If this sounds like you, contact EmployeeMoney. Stay focused on your financial goals while paying down any healthcare costs.

 

 

 

[1] National Center for Health Statistics: National Health Interview Survey Early Release Program