Healthcare costs can quickly add up, but when you have the right health insurance policy, you could save a significant amount of money. For a small monthly fee, you could have access to preventative medicines, treatments, and specialty services. And this can be used to cover your dental services, such as with this respected dentist in Avon Lake.
Health insurance is different from other types of insurance, as you don’t have to wait for an accident before making a claim. It can be a smart financial investment that you can rely on both now and in the future. Don’t believe us? Keep reading to learn how you can save money with health insurance:
Medicare Part A and Part B
If you are over 65 and eligible for Medicare, you can access a number of healthcare coverage benefits. Part A and Part B, also referred to as Original Medicare, covers basic healthcare services such as hospital stays, doctor visits, tests, and treatments. Part A is usually free, while the optional Part B may have a small premium based on your individual circumstances. While this is a good starting point, members often upgrade their policy to a Medicare Advantage plan.
Medicare Advantage Plans
When you invest a little bit more, your access to healthcare will be expanded. Medicare Advantage, or Part C, plans are available through private, Medicare-approved insurers. These policies boost Part A and Part B, and you will often get cover for valuable extras such as dental, vision, and hearing services.
With these types of plans, you can combine your coverage into one convenient bill and utilize the insurer’s network of healthcare professionals. Some Medicare Advantage plans even give you the option to continue seeing your current doctor.
Prescription Drug Coverage
Prescription drugs can be expensive, but you can reduce the cost with Medicare Part D. Part D can be added to your Original Medicare, or it can be part of your Medicare Advantage plan. Some insurance companies such as Anthem offer copays for as little as $0, with thousands of pharmacies in their network. If you are happy to use generic brands, these will be even cheaper.
Even if you don’t need medication right now, you probably will in the future, according to Kaiser Family Foundation data. Signing up for Part D will give you an affordable way to access the prescriptions you need, even on short notice.
Preventative Healthcare
By focusing on your health in the short term with preventative services and tests, you can reduce your risk of acquiring diseases. This strategy can save you money and keep you in good health. It is usually cheaper to have a test, visit a physiotherapist, or consult a dentist than it is to treat a neglected condition in the hospital.
When you can access healthcare services early, it will empower you to take control of your health. Your quality of life can be improved, and that is worth more than the savings you will make!
Investing in Health Insurance
When you have the right health insurance, it can save you money. If you are eligible for Medicare Part A and Part B, you can upgrade via a private insurer.
A Medicare Advantage plan will give you extras, such as dental and vision services. You can add prescription drug coverage (Part D) to your policy, as this will reduce the cost of medications. When you access preventative services, your risk of disease will be minimized, and this will save you both money and anxiety in the future!
