Medical expenses are often unprecedented. They are also some of the most difficult to recover from if the bills get out of control. But, instead of worrying about your financial situation every time you have to head to the doctor, it’s much better to have a plan of action to protect your bank account. Try these simple steps to take matters into your own hands and pave the way for more clear and realistic handling of your expenses every time you go to the doctor’s office, from now on.
- Find a physician who cares about what your insurance covers.
One of the major reasons people lose money after getting medical treatment is because their doctor does not take the time to find the best way to report procedures to insurance companies. This is sometimes simply the difference between a doctor who cares and one who does not. You don’t have to go to a physician for a decade before feeling like he or she should attempt to get procedures done that will be covered by your insurance and warn you when they aren’t. It will save you plenty of money and grief by taking the time to shop around and find a doctor who will work with your insurance company to save you the most out-of-pocket expenses.
- Ask for less expensive treatments and medications.
Many doctors do have relationships with drug companies that prompt them to prescribe particular varieties of medications that are often more expensive than their generic counterparts. Even if your doctor has no shady relationships going on behind the scenes, he or she may not think to look for the least expensive treatments and medications. Make sure to let your doctor know that you want the least expensive option for all treatments and prescriptions.
- Be clear with your doctor about your financial situation.
Many patients feel embarrassed to let their doctors know where they stand financially. But, if you are in a position that will make it difficult to pay for procedures that your insurance may not cover, be upfront about this with your physician. It is in both of your best interests to manage medical costs in an affordable way. It’s better for patients’ pocketbooks and it’s better for doctors’ peace of mind, so they can be sure to be compensated on time and in full. It’s a good idea to let your doctor know how much you available to spend on your own for treatment and ask about payment plans and other forms of financial help to cover any costs that are unaffordable. If your doctor is unwilling to take your financial situation seriously, go to someone else or find a lower-cost clinic.