Are your medical bills outrageous? Not sure what you can do to cut back on your costs to make things more affordable? Well, we’re here to share some money-saving tips to help you stay healthy and get around these expensive costs.
5 Genius Hacks to Save Money on Medical Bills and Expenses
With rising health care costs, it’s important to know how to cut back where you can. Need some clever ways to cut back on costs? Here are 5 genius hacks so you can save money on your medical bills and expenses.
1. Use Generic Drugs Instead of Brand Ones
Did you know you can save an average of almost $2,000 a year simply by switching to generic drugs? A great way to save on medical bills is by asking your doctor if they can subscribe you a generic drug instead of the brand name version. These generic drugs are a lot less expensive than the brand name, and there’s no real difference in the outcome.
2. Ask for a Longer Prescription Period
Another great way to save on your medical and prescription bills is by opting into a longer prescription period. One way to do this is for asking for a 90 days’ worth of medicine rather than a 30-day supply. You’ll not only pay less for the prescription, but you’ll only be required to pay your copay once rather than 3 times.
3. Stay In-Network Whenever Possible
If you go out of network, you’ll almost always need to pay higher costs. In fact, these out-of-network providers generally charge 300 percent higher than the Medicare rate. Your insurer has deals with specific providers, which means you’ll usually get the best price and rest easy knowing your treatment will be covered.
4. Shop Around for the Cheapest Provider
Medical providers aren’t the only ones that offer different prices. Drug prices can differ wildly across retailers like Walgreens and Costco. Sometimes these prices can range from $10 to close to $100, so it’s important to shop around to see if you’re getting the best price.
Retailers also often have prescription savings clubs, and in these clubs, they’ll often price match prescriptions to competitors or offer things like a Cymbalta coupon. What’s also great is that there are many online websites where you can buy your prescription without ever leaving the comfort of your home.
5. Try Online Medical Services
If you’re looking to cut back on medical costs, a great way to do this is by taking advantage of telemedicine. This is when you chat with a doctor online or over the phone instead of going for an inpatient visit. This kind of consultation usually only costs between $40-$50 for a session, while an in-person visit can cost closer to $170 per session.
What’s great about online medical services beyond the price is that you don’t actually have to leave your home or commute. The doctor can simply write you a prescription and you can pick it up or have it mailed to you.
5 Genius Hacks to Save Money on Medical Bills and Expenses
Medical bills are ridiculously expensive, but they don’t have to be. By trying out these different medical bill hacks you can save big on your expenses.
Are you struggling with your medical expenses? Know of any other genius ways to save on your bills? Let us know in the comments!