According to research by the Commonwealth Fund, employee share of medical expenses is 9.6% of income due to higher premiums, deductibles, and coinsurance. This is up from 5.3% in 2003. Maybe it's time to invest in health insurance companies that are making these profits.
Ways to save:
if you can't get to your doctor, go to an urgent care clinic rather than a hospital ER. Try phone or telemedicine if your insurer provides this service.
Comparison shop for services such as imaging; don't just go to the local hospital.
Challenge bills! Many hospital bills contain numerous errors. Need help disputing bills? Try Medical Billing Advocates of America at: http://billadvocates.com
Most billing dispute services take a % of the amount they save you on your bill. Thanks to Money magazine, April 2015, p. 19.
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