Six of the Best Health Insurance Money Saving Tips

Health insurance can save you a lot of money when it comes to medical costs, but what do you do when it’s just not enough? Here are some tips to help you maximize your coverage:

1. 1. Choose In-Network Providers
      Know where to go for care. Use the emergency department for a life-threatening situation but use your in-network providers for all other health related issues.
   2. Call Your Insurance Company with Questions
      Read Your EOB, ask questions and take notes. Pay attention to codes you don’t understand and ask for definitions. Be sure to compare your EOB to your bill and double check the dates of service to make sure the amounts match, and any payments you made are documented.
   3. Take Advantage of Preventive Services
      Most plans must cover certain preventive services without requiring payment from you. This is true even if you have not yet met your deductible, as long as you see a network provider for services.
   4. Practice Ways to Improve Health and Lower Costs
      Good advice tells us all to eat better, exercise more, limit alcohol intake, and quit smoking. In addition to these health basics, get immunizations and screenings when recommended, and don’t put off seeing a doctor when you need one.
   5. Be Proactive When Unable to Afford Your Care
      Stressing about how to pay for healthcare costs can make a chronic condition worse, or cause you to delay seeking care. If you are feeling overwhelmed, ask for help including inquiring about payment plans or charity care programs. There are many resources available ranging from help with practical expenses to medical supplies, co-payment and premium assistance, counseling services and legal help. Many providers will discuss a payment plan if you ask for one or offer solutions that may help you pay for your care.
   6. Choose Generic Medication When Possible
      The U.S. Food and Drug Administration requires that generic drugs be as safe and effective as brand-name drugs. They have the same dosage, intended use, effects, risks, safety, and strength as the original drug. The main difference is generic drug manufacturers have fewer costs associated with developing and marketing. The cost savings are passed on to you when you use the generic instead of the name brand.