Medical care is expensive. Do not panic. You can lower your costs to afford the treatments you need.
- Compare costs at local and online pharmacies to find the best price for your medications.
- Use only in-network services (they are usually much less expensive).
- Know what your insurance covers and don’t be afraid to ask for guidance. Consult your insurance company or financial aid expert at your doctor’s office, lab, clinic, and/or hospital. Ask again if you don’t understand the answer.
- Use rebates, discounts, and financial assistance programs to help pay for medications, assistive devices (canes, grab bars, wheelchairs), and other medical equipment.
- Lifestyle changes can reduce your need for some costly medications.
- For instance, skipping foods that cause heartburn saves you the cost of an expensive antacid.
- Not smoking boosts the effectiveness of many drugs. And you’ll save money by not having to buy tobacco.
- The cost of your treatment depends on your health insurance plan.
- Your insurance may restrict the treatments that are covered.
- If you are on Medicare, you may have fewer choices or may have to try treatments in a specific order.
- You may qualify for free care or financial assistance, with or without health insurance.
- Find out if pre-approval is needed for visits, tests, or treatment before your appointment. Ask your doctor for the ICD-10 code, and any modifiers, for services, tests, or treatments you require.
- Saving money on your health care can be time-consuming and sometimes difficult, but it can be done. It’s worth the effort. Don’t give up.
Click on any of the topics below to learn more:
- Lowering medical costs
- Paying for expensive medications
- Tips for discussing medical costs (and who can help)
- Gaining financial independence
- Online resources to help you get more value for your dollar