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University of Massachusetts Amherst

Family Business Center

Want to Save Money on Health Care Costs?

by By Joseph Kane, Communications Manager - Health New England

Who doesn’t want to save money. But how can I save money on my health care? Aren’t my insurance premium and what I pay for doctor’s visits and prescriptions fixed? While that may be true, as a health care consumer, there is a lot you can do outside of these fixed costs to save money. Most insurers do a lot more than just pay your bills if you get sick. Here are some tips for getting the most out of your health care budget.

Stay Healthy:  It’s all about how you treat your body and your mind.

  • Eat nutritious foods
  • Exercise at least three times a week
  • Learn to manage stress
  • Use alcohol only in moderation
  • Do not use tobacco products or illegal drugs

Heard all of this before? That’s because it works! Saving money on your health starts with you.  

Know Your Primary Care Doctor: Get regular physical exams. That way:

  • You and your doctor stay informed about your health.
  • If a health issue arises, your doctor can catch it early.
  • You are less likely to need emergency medical care. 

Studies have shown that people who have regular appointments with their PCP use the emergency room less often.

When You Need a Prescription, Request Generic.   Generic versions of medications:

  • Have the same active ingredients as the brand version. (Sometimes, they are even made by the same drug company.)
  • Are just as effective.
  • Cost far less.

You don't give up anything in your treatment – and you save money! 

Find Out What Other Resources You Plan Offers: Many plans offer discounts for certain services. Plans also may reimburse you for your efforts to stay healthy. For example some plans offer:

  • Reimbursement of $150 per year for a fitness club membership or a Weight Watchers® program.
  • A Discount Program where members get discounts from some area businesses – for travel, legal advice, and a host of fun activities – just because they’re members.
  • Discounts for complementary and alternative medicine – like acupuncture or massage therapy.

Contact your plan to learn more about what they offer.

 

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