• Medical Jobs
+234 909 1403 251
HealthFlex
×
  • Home
  • Medical Courses
    • Bioinformatics
    • Social Work
    • Veterinary Medicine
    • Public Health
    • Pharmacy
    • Nursing
    • Medical Laboratory Science
    • General Medicine
    • Dentistry
    • Clinical Psychology
    • Chemistry
    • Biology
  • Medical Study
    • Medical Study Program in Canada for Nigerian Students
    • Medical Study Program in China for Nigerian Students
    • Medical Study Program in Germany for Nigerian Students
    • Medical Study Program in Lithuania for Nigerian Students
    • Medical Study Program in Philippines for Nigerian Students
    • Medical Study Program in Romania for Nigerian Students
    • Medical Study Program in Russia for Nigerian Students
    • Medical Study Program in Turkey for Nigerian Students
    • Medical Study Program in UK for Nigerian Students
    • Medical Study Program in Ukraine for Nigerian Students
    • Medical Study Program in USA for Nigerian Students
  • Blog/News
  • Latest Offers
  • Gallery
  • Contact

5 Tips To Control Your Healthcare Costs

5 Tips To Control Your Healthcare Costs
September 19, 2019AGNES JOSEPHUncategorized

With healthcare costs steadily increasing, it is important for us all to find ways to cut down on healthcare costs. Medical inflation has increased at 3 times the rate of overall inflation since 1960 (roughly 6% a year). With healthcare costs and thus health insurance premiums impacting our wages,

Here is a list of 5 simple tips to save money on your health insurance and medical costs.

Tip # 1 – Choose more affordable EPO or HMO plans for lower monthly premiums

One of the most common ways to save money on your health insurance premiums is by enrolling onto an HMO or EPO insurance carrier, limiting your provider network yet limiting your premium.

Tip #2 – Search for a  primary care doctor which you feel comfortable with and trust

Finding a good primary doctor, which you feel comfortable with and you trust is very important for your overall health. In all health plans, you have the ability to switch primary doctors.

It is important that you start a relationship with your primary doctor. So that when you do not feel good, you can trust in his ability to know if this is something he can solve or a specialist needs to be referred too. Get your free annual wellness checkup once a year and keep your doctor in the know about your medical needs.

Preventative services help to detect medical problems at an early stage, so that with early intervention chronical illness can be avoided. About 85 % of all doctor visits can be treated by primary doctors. Visiting a specialist is more expansive.

Tip #3 – Utilize telemedicine services

With telemedicine services either free or at a low copay for most insurance carriers, you can save money by avoiding taking a trip to your primary doctor by calling a doctor on call, either over the phone or via video chat. This can save you from your regular doctor visit copay.

If you have minor medical needs, you should give telemedicine a try and see if it works for you. Some people likes it for its convenience and low or no cost while others may prefer going to their primary doctor face to face to address issues.

Tip #4 – Avoid out-of-network providers

One of the biggest reasons for why PPO plans cost more is due to the fact that these plans cover out-of-network providers. Out-of-network providers do not negotiate rates with insurance carriers and thus can charge significantly more than an in-network provider.

On the other hand, the insurance carrier will pay not for the first  $ 5000 of services as they apply on all metal plans an out-of-network service deductible of $ 5000 or higher.  After you meet the deductible a  50% co-insurance for your out-of-network services will be applied. However, the insurance carrier will only pay the usual and customary rate in the region or the in-network rate, which leaves you with the obligation to pay the balance to the doctor.

For example, an orthopedic doctor wants to charge $ 800  for a visit, but the insurance carrier pays normally $ 250 for the service. Then with a 50 % co-insurance, you would receive $ 125 from the insurance carrier but would be liable for $ 675, a steep bill to pay next to the regular monthly health. If you need to see service with an out-of-network doctor you a better off to negotiate a cash price.

Tip #5 – Prescriptions

With prescription drugs, you should pay attention to your drug deductible for your health insurance plan. For your plan to cover your prescriptions, you must first meet your drug deductible. For chronical illness, you are best off to review the actual cost of each medication. If the prescription costs are high then the upper metal plan like Platinum and Gold might more sense then buying a Silver or Bronze plan.

Source: solidhealthinsurance.com

Add Comment Cancel


Recent Posts

  • Careers Available for You in the Fitness Industry
  • A Guide to Studying Biology in the U.S for International Students
  • How Qatar Health Insurance Works for Foreigners
  • Where do Cardiopulmonary Rehabilitation Specialist Work?
  • Kinesiology- A Good Major to Consider

Recent Comments

  • AGNES JOSEPH on Pathways to Canada Permanent Residence
  • Anita Musa on Pathways to Canada Permanent Residence
  • Anita Musa on Canadian Open Work Permit Requirements
  • AGNES JOSEPH on Exploring Medical Careers Abroad
  • Anita Musa on Exploring Medical Careers Abroad

Archives

  • August 2022
  • July 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • September 2015

Categories

  • Latest Offers
  • Medical Abroad
  • Medical Conference
  • Medical Jobs
  • Medical Tourism
  • News
  • Study abroad
  • Uncategorized

Categories

  • Latest Offers
  • Medical Abroad
  • Medical Conference
  • Medical Jobs
  • Medical Tourism
  • News
  • Study abroad
  • Uncategorized

Archives

  • August 2022
  • July 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • September 2015

Text Widget

Fugiat dapibus, tellus ac cursus commodo, mauesris condime ntum nibh, ut fermentum mas justo sitters amet risus. Cras mattis cosi sectetut amet fermens etrsaters tum aecenas faucib sadips amets.

Calendar

September 2019
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« Aug   Oct »

Medical Travel is a Nigerian based specialized medical platform that assist Individuals with medical education and treatments.

+234 909 1403 251, +234 803 4383 061

info@medicaltravel.ng

Office: i172, Road 5, Ikota Shopping Complex, VGC, Lekki, Lagos, Nigeria.

Quick Links

  • Contact
  • Medical Study
  • Medical Jobs
  • Medical Tourism
  • FAQ

Latest News

  • How Qatar Health Insurance Works for Foreigners Aug 8

    Qatar has a highly developing healthcare system that has been...

  • Health Insurance for Foreigners in Saudi Arabia Aug 1

    Health insurance in Saudi Arabia used to be free for...

  • 4 Tips for Foreigners to Choose the Best Medical Insurance Policy Jul 19

    Ensuring that you and your family can access healthcare abroad...

Copyright ©2019 all rights reserved
Designed by Webplanet Consulting & Services