Health care is an important part of our daily lives – and the costs can add up. These costs typically include health insurance premiums, co-payments, out-of-pocket expenses like medications, and over-the-counter remedies. So how can you take care of your health without breaking the bank? Here are some tips:
Know before you go
Before you visit a doctor's office, get tests done or have surgery, you can find out the cost from providers in your area based on your health insurance coverage. A little research can save you a lot of money. And some insurance companies offer online tools like calculators to estimate out-of-pocket expenses.
Be wise – strategize
It's likely that your healthcare costs each year are routine, so you can build those expenses in your budget. Look at your expenses from last year, talk to your doctor about any planned tests or procedures, and see if there's a possibility to shift a nonessential procedure to the next year. This can help you avoid maxing out your benefits and save money.
Save where you can
Consider using the mail-order option for routine medications, and find out if there are generic forms of your medications available – both these options often lead to savings. A Flexible Spending Account (FSA) may also be a good option. And, remember: if you still have money available in your FSA at the end of the year, think of ways that you can use that money before the end of the calendar year.
Make a plan
Out-of-pocket healthcare costs may seem overwhelming at times, The good news: You may be able to work with your doctor or hospital to establish a reasonable payment plan for any high-cost procedures.
Stay healthy, save money
One of the best ways to save on health care is to stay healthy. So, take advantage of any wellness incentives from your employer or insurance provider.