Saturday, June 29, 2013

How To Save Money On Medical Insurance

Medical insurance in this day and age is a must-have but with the skyrocketing unemployment rates and the out-of-sight costs of medical procedures and prescription medicines, what can we do as consumers? 

Getting medical insurance can feel like going into a maze. You don’t know which way to turn and you don’t see a way out without forking out more money than you have to spend. 



There are many different things to consider when trying to find ways to cut your medical insurance expenses, but first and foremost, don’t leave yourself vulnerable and opt for no medical insurance. 

One accident or one catastrophic illness can leave you penniless or hundreds of thousands dollars in debt. It pays to have that medical insurance card whether you’re young or you’re old. Things happen that we can’t foresee and that is after all, the purpose of insurance across the board. 

 Let’s look at some ways to help cut down on the high cost of medical insurance. There are ways that can help you in your quest for the lowest outlay of cash and coverage that will serve your needs. 

WAYS TO SAVE ON MEDICAL EXPENSES AND INSURANCE



Be a poster child for healthy
The easiest way to cut medical expenses and thus cut your premiums is to lead a healthy lifestyle! Obviously, taking drugs, smoking and drinking too much are going to shoot you in the foot when it comes to getting breaks on medical insurance.

Being overweight is also going to kill you - literally and in the insurance market. You get a black mark on your policy for being overweight because it is a health risk. Take the time to give yourself a present – and get your weight under control. You’ll feel better, be healthier, and you’ll see a return by lower insurance rates!  

Grab freebies 

If your city has free health screening, take advantage of it every time. You never know what you might be missing and if it’s free, why not use it? 

Check online or in the newspaper under Health for places you can be screened for things like high cholesterol or diabetes. 

Front end loading your policy

Increasing your deductible and having co-pays will bring down your insurance costs dramatically. It also teaches you self-discipline in terms of how much you visit healthcare providers. 

Healthcare is critical to staying healthy but if you have to pay out-of-pocket for more of your healthcare or you have higher copays, you tend to think about is it truly vital to go see a healthcare provider for this or should I look online or call a nurse line for more information? 

I’m not saying don’t go to the doctor – I’m just saying avoid going for things like colds and flu. It spreads the "wealth" so to speak in terms of getting other people infected, and there’s nothing that they can do about it anyway that you can’t do over-the-counter or for yourself by resting and taking common remedies. 

Do go for checkups and monitoring of disease – those things are vital to staying in good health over time.

What’s the alternative

There are many health plans that encourage folks to try alternative forms of medical therapy – like acupuncture or massage. If your physician will recommend it, often it’s covered. 

Even physical therapy or chiropractor care are covered and instead of having surgery, an insurance company would much rather pay for that over time as a conservative approach to a disk problem rather than paying out thousands of dollars in surgical costs. Some alternative therapies have a higher yield in terms of fixing a problem or at least calming it whereas a surgical intervention could make it worse!

Deny me nothing

If you’ve been denied by a health insurance company, ask why. Also get a copy of your records from the Medical Information Bureau. We were denied on a private health care plan in Oregon that we previously had in Washington State. I thought it was because of my husband’s high blood pressure and other conditions but in fact, it turned out that I was denied – I had no serious health conditions but I had overuse syndromes. They denied me because of that I suppose thinking the treatments over time would be a liability. 

Even if you’re denied, however, on any other given day, you will not be denied so it pays to still apply for whatever coverage you think you can get. Policies also change and more and more medical conditions are considered survivable and treatable such as open-heart surgery, high cholesterol, cancers, etc

MORE TIPS ON HOW TO SAVE ON HEALTH INSURANCE
Get it on record

Always have a copy of this year’s health records. Ask for them from your treating physicians or health care providers. You’ll know where you stand and you’ll also have a cumulative copy that could save you big bucks in copying fees later!

Regular maintenance

Saving money is one thing but early detection of medical conditions is vital to leading a healthier life down the road. An ounce of prevention is in fact worth a pound of cure. 

Make sure you have regular checkups because over time, you’ll save on doctor bills and even prescription medications. Finding a condition after it has had the opportunity to cause damage is not the scenario you want to get into.

Prep for your exams

 If you have to have an exam for health care coverage, usually scheduling it early in the morning is the best time for things like blood pressure or blood sugar testing. Forego heavy exercise before the exam and also skip the caffeine. 

Better living through pharmaceuticals

Check your health care prescription plan and if it’s not up to snuff, consider alternatives such as buying online, mail order programs, $4 prescription plans such as Target or Walmart offer, generic drugs, prescription plans outside your insurance plan, or Medicare D prescription plans. 

Prescription costs for some people can be devastating and these are all alternatives to help save you money! Ask your pharmacist and your health care provider to review your medication list as well and see if there are lesser tier drugs (older drugs) that do the same thing. This can save you major bucks. 

Also ask them to periodically review your medications because oftentimes you can be taking medications that you don’t even need anymore or taking drugs that interact improperly with one another which can lead to having you take an additional drug!

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