It’s time for another Austin Sports Medicine 101 class!
“With the holidays upon us, it’s easy to forget to take advantage of your annual benefits, but patients can save hundreds of dollars by using their health insurance benefits before the end of the year,” said Dr. Martha Pyron, owner of Medicine in Motion. “Most insurance plans run on a calendar year, so now is the time to use-them or lose-them. You’ve worked hard for your health care benefits – make sure you take advantage of it.”
Here is a look at the last four points to remember for saving money in conjunction with health insurance:
- Deductibles – The deductible is the amount of money that a patient must pay their health provider out of pocket before the insurance company will pay for any services. This fee varies from one plan to another and could be higher if a patient chooses an out-of-network doctor. Deductibles also reset when plans roll over with a new year, so those who have met their deductibles for the current year should attempt to continue or finish treatment before the fees return.
- Premiums – If a patient is paying his or her health insurance premiums every month, they should be using their benefits. Even if there are no signs of problems, patients should always have their annual checkups and exams as a measure of prevention and to detect any early signs of health issues that cannot be detected without a professional healthcare provider.
- Health Problems Can Worsen – By delaying treatment or even a checkup, patients are risking more extensive and expensive treatment in the future. What may be a simple ailment now could turn into a much bigger and costlier health issue later.
- Long Term Care – Insured individuals may want to confer with their employer or health insurance company to see if they offer any wellness incentives or gym membership discounts. Taking advantage of these type of health initiatives can save cash in the short term, but they can also save money in the long term by improving physical fitness and, therefore, keeping medical and insurance costs down.