Apr 162019

Helpful Tips to Reduce Medical Costs

Posted on April 16, 2019 Uncategorized

Helpful Tips to Reduce Medical Costs


It’s no secret that, in the United States, the cost of doctor’s visits, prescription medications, medical procedures, and even childbirth can be expensive to the point of leaving people in debt, even for people with health insurance. While the Affordable Care Act has helped millions of Americans access health insurance, with some states even having successful and easily accessible insurance marketplaces (such as Covered California), these costs still exist in some form. Of course, the amount you spend on healthcare will depend on your personal health and your physical condition. But there are a number of ways you can shave off varied costs with a few easy strategies.


While our team at Polam FCU can’t personally improve your physical health, we can certainly provide tips on how to help you with your medical bills.


  • Find the healthcare plan that’s best for you.  We know this is easier said than done, but when it comes to cutting costs where you can, this is the most important first step. While we can never really predict when we’re going to get sick, if you’re healthy without any serious chronic conditions you can work with a less expensive plan through your workplace or through Covered California. Keep your personal needs in mind, but still make sure to choose carefully.


  • Ask questions when it comes to your prescriptions.  We’ve all heard the horror stories about how certain prescription costs have skyrocketed in recent years. However, you can always ask your doctor for a free sample of a medication you might need to see if it’s a good fit before you pay at the pharmacy. Also, depending on the medication you need, you can always inquire about generic forms or even an over-the-counter brand that can serve as an alternative.


  • Always review your medical bills, and don’t be afraid to ask questions. Different medical facilities can require different tests and examinations, and may have varying costs. If your healthcare provider allows you to choose your own doctor or medical office, always compare costs between facilities before settling on one. When it comes to questions you might have for your doctor, don’t be afraid to ask, even if the question seems silly to you. The difference between asking questions about tests, prescriptions, checkups, and your medical bills and not asking can save you precious dollars.


  • Start saving money in case of an emergency condition or unexpected illness.  Putting away money in a safe account is easy, especially when you work with us at one of our branches. Our Vantage Savings accounts allow you to put away money in a secure location that you can access online, in case you need to transfer funds to pay for a new prescription or doctor’s appointment.