Napala Pratini: 5 Ways to Cut Medical Costs

1. Shop around for the best insurance plan- Health insurance premiums and other charges can vary greatly between plans and companies
2. Negotiate your hospital bill- You can lower the cost of hospital bills by trying to get a lower cost upfront or by negotiating with your provider or insurance company after you receive your bill
3. Get the best price on prescriptions- If you take a brand-name medication, ask your doctor to prescribe the generic equivalent
4. Use a flexible spending account or health savings account- Depending on the type of insurance plan you have, you may be able to sign up for a flexible spending account or health savings account
5. Check your bills- Boston-based health care advocacy group The Access Project reports that up to 80 percent of patient medical bills contain errors

Source: U.S. News
Source URL: http://money.usnews.com/money/blogs/my-money/2014/03/14/5-wa...

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