Did you know that more than half of Americans surveyed in 2011 don't think it is possible to save money on their health care coverage by shopping around. We don't think to ask doctors to negotiate a price on treatments like we do when we go to buy a car or purchase other big ticket items. Do we think to question the necessity of medical tests that are so routinely ordered these days? Some might not be necessary. Well, February has been designated as National Wise Health Care Consumer Month just for that purpose.
Health care costs have escalated to the point that we are now going without treatment for many preventative treatments in order to not have the high medical expenses down the road that could have been headed off if preventative care had been followed.
|With health care costs rising, research your|
options before buying a plan.
Out of pocket medical bills cost the average consumer almost $3,000 annually. This results from meeting higher deductibles plus the shared costs with insurance companies covering 70 - 80% of medical bills, while the other 20-30% is picked up by the consumer. This can add up quickly so it is really important to study your plan options and read the fine print to save yourself some money down the line.
Explore your options if you are trying to save money on your health care coverage. Become an informed consumer in order to make the right choices. Consider checking into the following types of service:
- Fee-For-Service - Probably the most expensive of all plans but might be best when considering your personal situation. These plans offer basic coverage, such as doctor visits, surgeries and hospitalization. When the maximum coverage is reached, major medical coverage takes over.
Keep costs under control
|You can save money on|
your health care.
With health insurance premiums on the rise, there's a good reason many Americans are concerned about the cost of their coverage. So when you're selecting a plan, be sure to ask these questions so you'll have a better idea how much you'll actually have to pay for health care:
- Is there a deductible and, if so, how much is it?
- What are the co-pays for each type of service (doctor visits, specialists and emergency room).
- Is there a prescription plan, how much do I pay for generics vs. brand, are my medications covered?
- What is covered under hospitalization? Will I have to pay a certain amount per day, during my stay?
Understanding these options when reviewing health insurance plans and taking into consideration your own health needs can save you money in the long run. If you are not currently dealing with a health issue, it can be difficult to anticipate these costs, but remember that emergencies don't always come with a warning, so you don't want to get caught with inadequate coverage when you need it.