It is no surprise that healthcare costs are continuing to rise, emphasizing the importance of learning simple ways to save. When you cannot physically afford to forego care, it is imperative that you take a look at the cost effective advantages available to you. Rather than viewing healthcare costs as a burden, we suggest utilizing one of these money saving strategies:
- An annual review of your policies is a great way to save money in all realms of your life. This goes for your auto and homeowners insurance policies as well. When you schedule an annual review with your agents, you have the opportunity to lower costs by evaluating which coverage options you actually need and which can be dropped. Additionally, this gives you the chance to alter your premiums, deductibles, and copays accordingly.
- As an Oregon resident, it is important that you take the time to research the birthday rule to see if you apply. Many California and Oregon residents can save money by simply switching plans on their birthday if they are currently enrolled in a Medicare Supplement plan.
- If you are finding that a hefty portion of your hard earned money is going towards prescription drug costs, you may be able to take advantage of a federal program known as the Extra Help Program. This federal program will not only assist financially for prescription drug costs, but it also gives you the chance to update or change your Medicare Advantage or Prescription Drug plans whenever you please.
- If you are living with a chronic condition, you may be able to utilize special needs plans if you are living in an assisted living facility or if you qualify for Medicare and Medicaid. The special needs plan will assist financially in covering the costs of specific medications, transportation to and from your doctor visits, and for some over-the-counter necessities.
Contact SeniorChoices NW in Wilsonville, Oregon to learn more about the ways you can start saving on health care. Our main priority is to understand and serve the needs of our clients.