Health care is getting more expensive every day. Employees
are paying more for health care than they were in previous years. Fortunately,
there are thrifty strategies to help cut health care costs, as US Media Studios
relays.
Stash Some Cash
One of the most effective methods of reducing the personal
cost of health care is to contribute to a Flexible Spending Account (FSA) or
Health Savings Account (HAS). Both of these savings plans offer employees a way
to contribute pre-tax dollars into the accounts to be later used for
prescriptions, co-pays, medical equipment, and the like. But there are
differences in each plan to note:
The money in an FSA cannot be rolled over at the end of the
employer’s health coverage. It must be used before the next pre-enrollment
period begins. So, you use it or lose it.
The money put in an HSA is the employee’s to keep no matter
where they go. However, the health care plan must be a high deductible one in
order to qualify for this savings.
Another caveat is that some employer-paid health care plans
do not offer either savings option. But
if they do, take one. Savings average about 30 percent.
Save on Prescriptions
Research and compare the price of prescriptions within your
geographical area with GoodRX.com. This site shows you differences in prices for
one prescription within a zip code range. People who have to pay out of pocket
for prescriptions could find price comparison shopping advantageous.
Additional Ways to Reduce Health Care Costs
Warehouse clubs like Costco and BJ’s can be beneficial when
consumers want to save money.
Get a 90 day supply of the prescription because it saves
money in the long run.
US Media Studios suggests looking into The Partnership for
Prescription Assistance, a free service that helps consumers get access to
needed prescriptions.
Community centers offer free health checks once a month.
Drug stores provide low cost vaccinations.
There are many ways to save on health care costs. We hope
these suggestions are helpful.
