Healthcare expenses have been on the rise over the last decade. It may seem like there is no way around lowering your expenses because the system is rigid and standardized--yet there are steps you can take to lower your out of pocket expenses. Learn how to lower your healthcare costs.

Things You Will Need

Savings Account


Step 1

Save money on your prescription medications. Use coupons on your prescription medications. Coupons are available on several websites (google the term "Prescription Drug Coupons"), in the Parade magazine in the Sunday newspaper. You can also use coupons to transfer prescriptions to get gift cards for your groceries and drugstore needs, as well as see if your prescription medications are part of the Wal-Mart or Kroger's generic drug program (in which case it will cost you between $4-$10 per month without insurance to fill your prescriptions).

Step 2

Insure yourself by opening a new savings account strictly for healthcare costs and increasing your healthcare deductible on your plan. Make sure you have enough money in your savings account to cover the cost of your deductible.

Step 3

If you do not have access to an employer's plan, purchase Catastrophic or High Deductible Insurance only. This way, if you are in an accident, your appendix bursts, or something catastrophic happens, you will be covered after you reach your deductible limit (typically $2,500-$5,000).

Step 4

Negotiate your prices. I will never forget when I went to the dentist and was surprised with a copay of $75 instead of the usual $20. When the administrative assistant saw my shock, she said "I can go down to $50, but that is the best I can do". In other words--doctors have discretion with how much they charge you, so feel free to negotiate your payments and copayments with them.

Step 5

Keep your body in good health by getting regular exercise, keeping your weight and BMI within "normal", and not smoking. If you sign up for your own health insurance plan, the right body proportions and nixing the cigarettes will actually save you real money when you apply. Some policies even give discounts or gift card incentives for exercising and eating nutritionally (I have all ready received $25 in Starbuck's gift cards from Blue Cross Blue Shield for reporting my exercise over a period of six months).

Step 6

Finally, take advantage of preventative care in order to catch disorders, diseases, and other abnormalities early. Early detection will cost you less and even save your life. Each year make sure you have a dental check-up, eye doctor check-up, a physical examination, and a woman's wellness exam. Schedule it for the same season each year to make it easier to remember when it is time, say in the Fall.

Tips & Warnings