Regardless of whether you’re generally healthy as a horse or if you spend more than your fair share of time in the doctor’s office, health care costs can really be a drain on your finances. From yearly physicals and monthly prescriptions to broken bones or emergency procedures, taking care of your physical self can be very expensive. Luckily, there are some things you can do to make those dollar signs smaller than they presently are. To show you how, here are three tips for saving money on your current health care costs.
Get the Right Insurance For You
Having good insurance can save you tons of money if you’re needing medical help that’s covered under your insurance policy. That being said, finding the right insurance coverage for yourself and your family can be a challenge. As a good rule of thumb, Teresa Mears, a contributor to U.S. News and World Report, advises those choosing new medical coverage to do the most amount of homework they can about their insurance options.
Just because you had a certain plan last year doesn’t mean that plan will fit you perfectly again this year. Consider what medications you’re taking, if you’ve had any new health problems crop up, or if you have certain medical procedures on the horizon. Picking a plan that covers those needs and eliminates spending waste could save not only your physical health, but your financial health as well.
Ask About Generics
Paying for prescription medications can take a big chunk of change out of your bank account each month. But even if you don’t have a monthly prescription you need filled, getting specific prescriptions for one-time medical problems can often be just as expensive. One thing you can do before shelling out the money for a pricey prescription is to ask your doctor about your alternatives. According to Kate Ashford and Rena Goldman, contributors to Healthline.com, there are often generic or even over-the-counter medications that can be taken in place of expensive brand name medications. Just be sure you check with your doctor before you take anything in place of a prescribed medication.
Take Preventative Measures
While sudden accidents can’t be prepared for, there are plenty of medical problems that can be avoided if you simply take preventative action. Exercise daily, eat healthy foods, get enough rest and avoid harmful habits to set yourself up for a life that doesn’t require constant medical assistance. And when you do need something medically, Janet Berry-Johnson, a contributor to Forbes.com, recommends taking advantage of any free preventative screenings provided either by your community or your insurance carrier.
If your current medical costs are blowing your budget each month, consider using some of the tips mentioned above to bring those cost back under control.