Healthcare costs have been steadily rising, and they are expected to continue on this rising trend. There are many cost effective options that are available to help you afford the care that you do not want to go without. Try using one of these tips to help cut the costs of healthcare.
- An annual review of your insurance policies is probably the best way to make sure you are getting the most coverage for your buck. This is especially true for health insurance. When you meet with your insurance agent to review your coverage, you can compare what coverage you need with what coverage you have. This enables you to fill any gaps in coverage or eliminate any overages. You may also be able to alter your premiums, deductibles, and co-pays to fit your insurance and financial needs.
- For residents of Oregon or California, there is something called the ‘Birthday Rule’, which might apply to you. Under this rule, if you are enrolled in a Medicare Supplement plan, you may be able to switch to a plan with a lower premium on your birthday, which could save you some money.
- If a lot of your money is going towards hefty prescription drug costs, or if you are significantly struggling with the financial burden of healthcare, you might be able to get federal help. The Extra Help Program is a federal program that assists with the costs of prescription drug costs and gives you a chance to update your Medicare Advantage or Prescription Drug plans whenever you need to.
- If you qualify for Medicare and Medicaid, reside in an assisted living facility, or have certain chronic conditions, there are special plans that can help reduce medication costs, assist with transportation to appointments, and provide discounts on certain over-the counter items that you need.
Contact SeniorChoices NW in Wilsonville, Oregon to learn more about how you can start saving on health care today! We will go above and beyond to ensure you are receiving the protection you deserve, at the right price.