How To Save Money On Rising Medical Costs

by Hank Coleman

Money is tight now as everyone knows it. And, with rising health care costs, it is sometimes complicated to find ways to cut back especially on necessities such as healthcare costs.

One great way to save money on your rising medical costs is to shop around on the web. There are many great websites like that can help you find affordable medical care, prescription glasses, and the like to help take the sting out of rising medical costs.

Here are five additional tips for spending less on rising medical costs and healthcare expenses.

1. Go Generic With Medication

Rising costs of healthcareAsk your health care provider if your medications are essential. Are there other alternatives to try out before prescriptions? If it is important to have the drug, ask if there exists a generic version of the drug available and if there are any reasons why the generic variation would be inappropriate for you. Frequently medicines that come off patent can cost nearly 90% less than their brand name counterparts.

2. Try Out Coupon Websites

If you cannot acquire generic, try to find medication coupons. The AARP advises looking for online coupons for prescriptions, especially for non-generic medications. Two great websites for medical coupons are and

3. Exercise Your Own Prevention Practices

Experts suggest simple steps to preventing medical issues before they become a problem by doing things such as eating a well-balanced diet and exercising. These tactics can mean major financial savings in medical care expenses. Consider maintaining a healthy weight and going to the medical doctor routinely for checkups in order to prevent larger medical costs.

4. Negotiate Your Medical Costs

It can be simple to negotiate medical expenses. Generally, doctors and other healthcare providers are willing to lower their standard fees for patients with limited incomes or special financial circumstance. This holds true especially for men and women without medical insurance, or for services not covered by health insurance. But, it is your decision to start the dialogue with your doctor.

5. Check Your Medical Bills

Always take a look at your medical bills and insurance coverage before and after a visit to the physician. Look for anything incorrect or suspicious. If you discover an oversight, call your health care provider immediately for corrections.

Do you have any tips that help you save money on medical costs and your healthcare? I’d love to hear about it in the comment section.

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About Hank Coleman

Hank Coleman is the founder of Money Q&A, an Iraq combat veteran, a Dr. Pepper addict, and a self-proclaimed investing junkie. He has written extensively for many nationally known financial websites and publications. Hank holds a Master’s Degree in Finance and is currently pursuing his Certified Financial Planner credentials. Email him directly at Hank[at]

Hank Coleman has written 546 articles on Money Q&A. Learn more about Money Q&A on Twitter @MoneyQandA and @HankColeman.

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