The cost of healthcare is on the rise in the United States. While COVID-19 and the 2020 presidential election could bring change to the U.S. healthcare system, nothing is guaranteed. As a result, people of all ages need to do everything possible to set aside money for healthcare emergencies and reduce their overall costs. Fortunately, we have 4 tips to help put more money in your pocket and ensure that you get the quality healthcare you need!
Get a Health Checkup
To save on healthcare for the long-term, you need to know of potential issues before they arise. For example, if you have high blood pressure, your doctor may prescribe a medication to keep your blood pressure in check. Prescription drugs don’t come cheap, so you’ll want to know about this potential expense before it arrives. In short, getting a health exam allows you and your doctor to understand the state of your health, giving you more information when you shop for a healthcare plan.
Research Alternative Therapies
While you should always listen to the advice of your primary care physician, you may be able to find some more affordable therapies on your own. For example, let’s say that you have issues with chronic lower back pain. Your doctor may prescribe costly pain medication, regular physical therapy, or even surgery to deal with the issue. Instead, you could talk to your doctor about stem cell therapy as a more affordable and effective alternative treatment.
Know Your Budget
Realistically, how much are you willing or able to spend on monthly insurance premiums? If a costly health emergency were to occur, would you be able to pay your deductible? These are vital questions to ask yourself. Knowing your budget will help you understand how much you should (and can) set aside for your health each week, month, and year. This way, you can get a healthcare plan that you can actually afford!
Shop Around for a Plan
Don’t just settle for the first plan that you find. Shop around to find a plan that fits your budget and needs. Some healthcare plans include prescription drug coverage, while others don’t. Certain plans have low premiums and high deductibles, while certain plans are the other way around.
You’ll need to shop around with dozens of different providers to find a plan that works for you. Be sure to check out the government healthcare marketplace to see if you qualify for any subsidized or low-rate plans. Thanks to the Affordable Care Act (ACA), many young people and households with low incomes can access healthcare plans without paying exorbitant monthly premiums.
The Bottom Line
COVID-19 has created a stressful time for everyone. In addition to the human toll, COVID-19 has led to mass unemployment, reduced wages, and reduced benefits. As a result, many people are now more concerned about their health, while having fewer funds to pay for preventative healthcare and treatment. Thankfully, if you follow the tips above, you’ll be in better shape to pay for high-quality healthcare!