Saving on Health Insurance in Waukesha Wisconsin
Health Insurance in Waukesha Wisconsin is important, but so is maintaining a healthy bank balance. According to a study done by the Commonwealth Fund, 1/3 of Americans don’t get the healthcare they need, or they skip prescriptions to save money. Read on to learn how to cut costs without sacrificing health or quality of care.
Comparison-Shop for the Best Coverage
The cost of Health Insurance in Waukesha Wisconsin can vary depending on the company and the plan chosen. Customers should start by visiting P & C Insurance Services Inc and learning the basics of health coverage. Choosing a low-rate plan may not help a customer save money; what a plan lacks in premiums, it often makes up to co-payments and deductibles.
Negotiate With the Hospital
Patients can lower their hospital bills by asking for a deal upfront, or by negotiating with providers after receiving a bill. If someone considers a planned surgery such as a knee replacement, they should compare prices at different area hospitals. Doing so gives customers an idea of what to expect, and it provides evidence to show a hospital that quotes a high price.
Get Deals on Prescription Medications
If a person takes name-brand medications, he or she can ask for a generic equivalent. Generic drugs are up to 85% less expensive than their branded counterparts, and generics work just as well. If a patient wants the branded drug, he or she should get a list of insurance-covered medications. It’s also a good idea to check drug makers’ websites for discounts.
Use FSA Funds
Depending on a person’s Health Insurance in Waukesha Wisconsin, he or she may be able to sign up for an FSA/health savings account. Either option allows customers to put money into an account that can be used for co-payments, prescriptions, and deductibles. HSA funds roll from one year to the next, while FSA funds must be used by the end of the year. Both options can offer savings at tax time, as contributions lower taxable income.
It’s been reported that up to 80% of medical bills have mistakes, and customers should ask for an itemized report if one’s not included in the bill. Ensure that times and dates are accurate, and inspect bills carefully for errors. If a customer is unsure about a particular charge, he or she should call the provider and ask for clarification. Visit website to learn more.