Forewarned is forearmed, and just as you have to be cautious to prevent the spread of COVID-19, you also have to be prepared for the medical expenses of becoming infected. At SABEResPODER, one of our main objectives is to help you get the most out of every dollar, so here are our top 10 ways to reduce healthcare costs for yourself and your family.
1. Information Is Power
As in many other things in life, research is the first step to reducing healthcare costs. For example, we found out that the price for a colonoscopy in Atlanta can vary as much as 600% from one location to another.
To avoid overpaying, you must check the local prices for any medical service or procedure that you need. Whether you do your research online or by phone, taking this step will help you choose wisely and receive a fair deal.
2. Get an Insurance Policy Tailored to Your Needs
When choosing an insurance plan, consider the coverage needs of your family. Paying a higher premium may be convenient when there’s a risk of someone needing regular care (such as developing diabetes). Conversely, if you rarely need medical care, you may be able to get by with a plan with a lower premium but a higher deductible. Monthly payments will be lower, saving you money in the long run.
3. Ask Your Doctor If You Have Any Options
According to Dr. Atul Gawande, surgeon and researcher, about 42% of patients pay for unnecessary tests at least once a year. What does this mean? When a doctor recommends tests or procedures, you should ask about your options before simply saying yes. You can save money by doing additional research about the test and perhaps getting a second opinion.
4. Enroll in a Medical Benefits Program Such as PODERsalud to Reduce Healthcare Costs
Another tactic to reduce healthcare costs is to enroll in a health care program that gives you multiple benefits for a small monthly fee. With PODERsalud, for $16.95 a month, you have unlimited telemedicine access for yourself and your family. You can get up to 80% discounts on all lab tests, discounts on diabetes medication and supplies, and save up to 35% on hearing aids. If you don't have dental insurance, you can also take advantage of the 15% to 50%* discounts PODERsalud offers.
We recommend you choose in-network healthcare providers to make the most of PODERsalud’s benefits. Remember that you have options, so always ask as many questions as needed before choosing.
*Actual costs and savings can vary by provider, service, and location. These discounts include dental cleanings, crowns, x-rays, endodontics, and fillings.
5. Use All Your Benefits
If you have insurance, make sure that you familiarize yourself with all of your coverage benefits. Check if you’re eligible for free routine exams and if your policy offers regular discounts on specific services or procedures.
6. Choose In-Network Providers
If you have health insurance, you may have the option to see in-network and out-of-network providers. You'll pay less when you choose a provider within your health insurance network because they have a contract tied to your plan: it’s a great way to help reduce healthcare costs!
7. Set Up a Payment Plan
If you can't make the required payments for a medical service or procedure on time, ask the doctor's office staff if you can agree upon a payment plan. This type of plan will allow you to divide the total amount of a medical debt into installments, reducing the impact of the expense on your financial situation.
8. Save On Medications by Considering Alternatives
One way to reduce healthcare costs is to opt for generic drugs from reliable sources. Ask your general practitioner (GP) about generic alternatives to your medications, which have the same active ingredient for a lower price.
Another option is to enroll in drug delivery programs. The advantage of these programs is that you can save money by having a lower copayment if you have insurance. Check with your health insurance provider to ensure this option applies to your policy.
You can also consider discount programs such as the one offered by FarmaSEP, which gives you between 10% and 80% discounts on most medications. This program also provides delivery services for your medications.
9. Take Advantage of the Lower Costs That Telemedicine Offers
Another way to reduce healthcare costs is to see your doctor via video chat or phone call without having to leave home — which is known as telemedicine. These appointments are increasingly popular and are usually cheaper than seeing your doctor in person. This convenient option can also help you save on gas and reduce the time spent on the appointment. We recommend you to take a look at PODERsalud as it provides access to telemedicine and helps reduce healthcare costs.