Increasing healthcare costs have most people concerned about keeping expenses low, even leading some to pass up health insurance because they think they cannot afford it. Under the Affordable Care Act, everyone must purchase healthcare coverage or risk paying a fine to the government. Truth is, even if you have to pinch pennies for a while, you can't afford to skip health insurance. There’s always a chance you may slip at the pool and break a bone or your child may get burnt while roasting marshmallows at a backyard BBQ.
Even though you need health insurance, there are still ways you can cut back on expenses. Here are some tips to help you save money on your healthcare costs.
Ask for the generic prescription: It's just as good as the name brand one, but without the colorful branding and catchy ad jingle. For medications you take regularly, the savings can end up being significant over the course of a year.
Inquire about a cash discount: When you haven't met your deductible and have to pay out-of-pocket, ask your doctor for a discount for paying in cash. Start the negotiations by offering to pay 50 percent of your bill; you'll be surprised at how well this can work in some cases.
Give up unhealthy habits: People who smoke, drink or live a sedentary lifestyle usually have more illnesses and long-term diseases. By changing your lifestyle, you’re less likely to make frequent trips to the doctor.
Beef up your Health Savings Account: Putting money in a Health Savings Account offers you a triple tax break. Contributions lower your taxable income, they grow tax-deferred and can be used tax-free for medical expenses. Find out if you're eligible for a Health Savings Account, and if so, open one and start contributing each year.
Get regular checkups: Catching diseases or health problems early on is a key factor in treatment and regaining your good health. No matter how busy you are or how much you dislike the doctor's office, stay current on your checkups.
Lose weight: With more than a third of Americans obese, many people could stand to lose a few pounds. Even shedding as little as 10 percent of your body weight helps you stay healthier and cut your risk for many diseases.
Need healthcare coverage? Want more tips on saving in regards to healthcare? Your independent insurance agent is here to help!
We’ll help you find the right coverage. Call Max Value Insurance Group at 866-950-6844 for more information on Miami health insurance.