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3: Analyze Your Circumstances

Minimize Your Health Care Costs

minimize your health care costs

*Based on information from Consumer Reports

Minimize your health care costs by staying in network, understanding your coverage and considering these other actions.

  1. Ask for the “cash price.” Even if you have insurance, you could be overpaying for medications and health services. For example, nearly 23 percent of prescriptions include a “clawback,” which is when your drug copay exceeds the total cost of the drug and the difference is paid back to your insurer or a pharmacy benefit manager (not the pharmacy). Reduced fees can be negotiated for diagnostic procedures, lab work and outpatient services.
  2. Get a preauthorization for any procedure or test. Limit cost surprises by getting preauthorization from your insurer before having planned procedures or tests.
  3. Use distance health care. Many insurers offer qualified personnel over the telephone for assistance with health needs. Look for the number on your insurance card or on the insurance website. Teladoc is a service offering their members remote or in-home access to health professionals.
  4. Take advantage of health center care. Federally-funded health centers deliver cost-effective care regardless of your ability to pay. These community-based organizations are cost effective in providing primary, oral, mental, vision and substance abuse care. Use the Find a Health Center tool to locate one near you.
  5. Minimize your risks. Monitor stress, stay physically active, eat healthy, sleep well and moderate substance use to limit health costs.
  6. Educate yourself. Use the series of Wellness Toolkits from the National Institutes of Health to improve your health and well-being.
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