When reviewing your health plan and assessing costs, keep in mind that health insurance is not designed to cover every penny associated with medical care.
Anything under the sun with an open credit card is fine, but not when it comes to paying the bills. But you
The purpose of insurance is to cover sudden and very expensive losses. It’s about making you whole again and not taking on the financial responsibility of spending tons of money to do this. Somehow, for the last 60 years, we’ve all decided that the traditional plan should cover everything.
For the most part, health insurance is the only insurance product that pays the first dollar for things like doctor visits and prescription drugs. The health care system neglected a system of bigger bank accounts to pay the bills, not a little man.The fortunes have reversed…
Employees take more responsibility for their own health care by paying more premiums from their checks and paying more expenses. Employers should encourage their employees to become more proactive in managing their health. Here are some ideas:
No need to rush to the emergency room or doctor’s office for trifles. What happened to waiting for home treatment or seeing a doctor instead of running to the emergency room? This saves you thousands of dollars a year if you have kids.
Find alternatives and save money on medicines. In some cases, skipping meds may not affect your health, but you should see a doctor.The other thing you can do is look around. Just because it’s convenient doesn’t mean it’s the most cost-effective.
Just because a doctor recommends testing doesn’t mean you should get it right away. Doctors have been in school for years, but they’re also trying to do tests to protect them and make money. Ask more questions and see if you think it’s the right thing to do. Just like if the mechanic suggested an item. it’s your money
If you are planning a procedure, look around. Many new facilities are emerging to reduce costs from ambulatory testing to ambulatory surgical facilities. Hospitals are never cheap. Far from it. This increases the price for you and your insurance company.
In most cases, there is no need to go to a state-of-the-art teaching hospital. There is a time and place for advanced care that several dominant teaching hospitals are bringing to the table. However, most