When it comes to finances in your life, your medical finances can be a big portion of the money you need to live. Even if you don’t have any major medical conditions, you are still spending a lot of money on health care on a monthly and yearly basis. If you are simply avoiding going to the doctor you could be raising your risk of all sorts of health problems, so that is still contributing to a future need for more money going into your medical care.
Comes to personal finances most people think of paying their bills, keeping their vehicle on the road, keeping their house paid for and that roof over their head, but there’s so much more that goes into the money that you make and spend every day. Since medical finances are so important here are some tips on how to better finance those needs.
Try Home Treatments
One way to save a little bit of money on doctor visits is to try some home treatments. Home treatments can be anything from over the counter medications to remedies that your grandmother or great-grandmother often used. If you take a little time to peruse online you can find many articles that include home treatment information for whatever ails you, from a sore throat to a migraine headache.
When it comes to home treatments, although it can save you money you still want to make sure that you talk to your doctor if any issues you are having persist. Keep track of what you’re doing for home treatment so that you can let your doctor know about these as well, if you do need to go into the doctor’s office or to the hospital.
Check Your Health Insurance (Or Get Some)
When was the last time you look to your health insurance plan? You may want to take a moment to look it over and find out exactly what your coverage is and make sure you’re getting the most out of your insurance. For women, you may have special coverage for free mammograms when they are in need or even coverage for other women’s issues that could cover 100 percent of the bill.
If you don’t have insurance, this is a good time to get some. Start by finding out about open enrollment for the affordable healthcare plan, which could help you save money on your insurance. This is especially important for people who don’t have insurance through their employers.
Crowdfund For Help
Folks with insurance know that it doesn’t always cover everything, and when you find yourself with a health issue that turns out to be very expensive you need to come up with ways to cover those medical bills before they add up and ruin your credit. There are ways to find help and one of those is through crowdfunding.
When crowdfunding first started it was basically a way for startups to launch their businesses, but these days there are crowdfunding sites that let you raise money for almost anything. Take some time to research crowdfunding sites that work best with people looking for money to help with their medical care before you launch a campaign.
Whether your employer offers a healthcare savings plan, or your credit union or Bank does, you should have one. Even if it means starting your own separate bank account in which to save money that you can pull out when you need it for prescription medications or emergency medical care, you should do this.
For employer run healthcare savings plans and even those you might get directly through your bank, you are going to need to use them by a certain time before they expire. Make sure you know when this time is so that you get the most out of it and aren’t losing any money.