Health care and health insurance can be confusing, but they don't have to be expensive. Here are my top 10 ways to save on health insurance:
Number 10: Examine your true needs before you buy.
A single male does not need a plan with maternity coverage. Make sure you aren't paying for coverage you don't need. Look at the coverage you really need and eliminate the rest to save money
Number Nine: Compare health insurance plans.
Don't settle for a plan that is offered by your employer, even though it may end up being the best deal. Take a look at multiple health providers before you decide.
Number Eight: Open an HSA, or health savings account.
An HSA allows you to set aside money for medical purposes on a pre-tax basis. If you don't use all of your HSA in a year, the balance can roll over from year to year and continue to grow tax-deferred.
Number Seven: Deduct medical expenses.
If you have medical expenses that your insurance plan does not reimburse and they are 7.5 percent of your adjusted gross income, deduct them on your taxes
Number Six: Try preventative care.
Annual check-ups, tests and flu shots can save you money treating and diagnosing a problem early.
Number Five: Avoid brand name prescription drugs.
Generic drugs are former brand name drugs with expired patents. They accomplish the same goals as the popular versions, but cost much less.
Number Four: Buy your prescriptions online.
The savings may surprise you, but you must buy from a reputable online pharmacy. The National Association of Boards of Pharmacy will help you find a reputable online pharmacy.
Number Three: Live a low risk lifestyle.
Exercise. Don't smoke. It may all add up to a favorable insurance rate.
Number Two: Get cash back for your health care products.
These are rebates for products not covered by insurance or medicare. You can sign up at www.caregiversmarketplace.com. The average rebate is about $15.
And Number One: Get free samples from your doctor.
Drug manufacturers often provide doctors with lots of samples. Ask if there are samples you can have. This is also true of contact lenses from your optometrist or skin cleansers from your dermatologists.
When it comes to health care, the costs can add up in a hurry, but you can save and avoid the stress that comes with worrying about unpaid medical bills. Doing some of these top 10 tips will help you cut the cost of your healthcare bill.