How to Save Money on Medical Costs

Doctor visits, medications and other medical costs can add up quickly especially if you have children or an illness. Here are some money savings tips related to medical costs.

Negotiate with Doctors/Hospitals Most people don’t realize you can negotiate medical costs with your doctor or hospital. In fact according to 2005 Harris Interactive poll two thirds of patients who negotiated with a doctor, dentist or hospital were able to lower their bill. In relation to my personal experience, one time I was sick and without insurance. I explained my situation to the doctor who didn’t charge me for the visit and gave me enough free medication so I didn’t have to fill a prescription.

Ask for Free Samples Anytime a doctor prescribes a new medication, ask for a free sample before you fill the medication in case you are allergic or the medication doesn’t work for you. If you require prescription refills you can also ask for free samples to help cut down on the costs.

Buy Generic Prescription and Over the Counter In some cases generics medications can cost one-third the price of brand-name medications. By law a generics drug must contain the same ingredient as the brand-name drug. When your doctor is prescribing a medication, request the generic equivalent. When purchasing an over-the counter medication you can read the label to make sure the medication is the same dose and name under “active ingredients”. The only exception to this savings tip is when the name brand medication is on sale and you have a coupon (the price may be less). You can visit brand name websites for available coupons.

Compare Medication Cost With and Without Insurance This may also surprise people, but some medications are less expensive without insurance. Some insurance companies or mail-order companies require you to pay a minimum co-pay amount which can cost more than the medication without the insurance. Always check both prices before purchasing a medication.

Exercise The best way to avoid illness and medications is to be healthy. Regular exercise can provide many health benefits such as lowering blood pressure, lowering cholesterol, improving your immune system, decreases stress levels, maintain a healthy weight, and increase flexibility and energy levels.

For more money saving articles visit Swap Savers