Tips and Tricks to Use Your Health Insurance Wisely
With skyrocketing medical expenses, hospitalization can be a nightmare for the middle class. To secure ourselves financially, we purchase the best health insurance, and this health insurance becomes a great tool that surmounts the financial difficulties of the insured.
Fortunately, we acknowledge your time, money and effort involved to buy a good health insurance policy, and therefore, want you to make the most of it.
So today, we tell you some tips and tricks that will help you to use the policy as an intelligent insured person. Try these expert health insurance tips and tricks to avail every benefit that the insurance company offers you.
1. Opt for a higher deductible
If you are relatively healthy and are not anticipating many visits to the doctor in a year, you can increase your deductible, thereby decreasing your premium. Choosing the high deductible plan is not a good option, as it would cost you much if something terrible happens, but it can definitely save you a lot of money.
2. Choose generic
When it comes to medication, skimping seems foolish. But paying a premium for name-brand medication when a less costly generic is available would be stupid too. By switching to generics, you can save up to 50% by not compromising on the dose, strength, safety, and efficacy of the medicines prescribed.
3. Think again before getting tests done
Won’t you feel regretful if you get several tests done that your insurance company declares not medically required later on? It is right that you should never decline necessary medical tests based on cost. But when your doctor asks you to get lab tests, X-rays, MRI or CT scans, you should always ask the need for that and if it is absolutely required or not.
4. Always negotiate
A shocking fact is that 80% of the medical bills have some sort of error. That is all to tell you why you should cross-check each and every detail in the hospital bill. In case you have some confusion, or of anything in the bill does not seems right, you can always ask questions from your insurance provider to clear your doubts. They are sure to get them resolved.
Apart from this, most health insurance companies offer health and wellness programs, discounts on fitness classes, programs for particular medical conditions and other related perks which, as a smart buyer you must be aware of.
Like most things in life, choosing the best health insurance take planning. So that your efforts don’t go in vain, you can follow the best health insurance tips and tricks given above to cut amount on expensive prescriptions and hospital visits. Also, make sure to check your insurance provider’s website regularly for new insurance benefits.