Does every trip to the doctor’s fill your wallet with your dread? Keeping your family healthy shouldn’t result in unhealthy finances. You can spend less on medical care by being crafty and exploring your options. Here are just a few ways that you may be able to save money on treatment.
Tailor your insurance plan
Medical insurance is worth having for covering those hefty out-of-pocket expenses. If you’re being charged extortionate rates, then you may want to consider making a few alterations to your insurance scheme. Some companies can now allow you to tailor what is and isn’t covered by your insurance, which could lower your rates. You may also be able to take out a family scheme to save costs on everyone. You should also consider your deductible – the amount you’re willing to pay for medical care before making a claim. A high deductible will make your insurance rates lower. This is great if you don’t often need treatment, but not so great if you’ve got a family member that’s in and out of hospital.
Take out an FSA
A flexible savings account is a tax free account which your employer pays into each month. This can allow you to cover medical costs. A Health FSA allows you to keep onto your savings, although you can only spend them on healthcare costs. On top of general treatment, this includes all kinds of things including some basic off-the-shelf medication, baby products and even corrective eyewear from some opticians.
Sometime you can save costs on treatment by shopping around clinics in your area. This may not help in an emergency, but it worthwhile for planned treatment. You can also save a lot of money on medication by shopping around. Don’t always opt for the big brands advertised on TV – small generic brands are likely to be just as effective in many cases.
Negotiate medical costs
Yes, you can negotiate medical costs. When it comes to big treatment plans and surgery, you can often offer to pay in advance for a discounted rate. In all cases, talk to your doctor or the billing team. You may even be able to get help from a medical advocate in some cases – these people are trained to shop around and barter for the cheapest treatment rates possible, but are only available for those on a low income.
Can you make a legal claim?
If an injury was the direct result of someone else’s carelessness, it could be worth suing them. A car accident lawyer could be a good call if you’ve suffered a neck injury or some other damage as the result of another driver. You won’t be able to sue in all cases (although some people certainly try their luck), but for those occasions where someone truly is to blame, don’t sit back and take it – sue their ass!
Check your bills
Medical billing errors are frighteningly common. It’s always worth checking thoroughly over your bills before agreeing to payment. If they don’t provide a full breakdown of costs, ask for it – you don’t want to be paying for a check-up you didn’t have or something that’s accidentally been billed twice.