During the month of December, many families have to renew their medical benefits coverage for the New Year. Many have found that with 2011 will come higher co pays, and medical bills. Many families are finding that they have to pay more than they ever did before. Unfortunately, those who have jobs are finding that their pay is not actually increasing along with what they have to pay out. The result is that more families have to search for ways to be more frugal when it comes to their medical expenses. Below are a few suggestions on how to make sure you have the money when you need it, and avoid going into debt all over again.
Create an alternate account
You can start by creating an alternate savings account. At the start or end of each month, you can take as little as five dollars and place it into this account. Some have chosen to do this each pay period. Taking the time to set aside a little bit of cash each time you receive a paycheck can really add up by the time you have to go to the doctor. This money can help to cover the expense of co pays and additional fees associated with medical checkup. Do not worry about not having much in the account at first; it will take time to build it up.
Calculate the expense ahead of time
If you go yearly for a physical or take your children yearly, you are fully aware of how much money you spend for your physicals. Add in the increase amount that should have been noted on your insurance papers. This should give you a basic estimate of how much money you are going to have to spend when you go to the doctor. Since they usually want their money right away, it is best to have this amount set aside to avoid causing any problems with your credit.
One thing that many do not do when they are at the doctor’s office is ask why they are requesting certain tests to run. Some doctor’s may be needlessly sending you for tests you do not really need. It makes sense then to sometimes pay an additional co pay to get a second opinion, before you go through a battery of tests. The co pay that many have to dish out is usually a lot less then the amount of money they will have to pay for any testing to be done. So do not be afraid to speak up and see what really needs to be done.
Check your bill
Remember that no one is perfect, so it is possible that their may be a mistake on your bill. Make sure that you were not double billed for anything. You will also want to make sure that they billed you for the rest test. Also, check your bill for little additional fees. You may be surprised to find out how man little fees some places may try to slip in your bill. What sometimes happens when you begin to question these fees is that they will quickly remove them, thus lowering your bill.