So you finally have your Tennessee medical insurance which most likely will be a high deductible high premium plan, but you still have to pay out of your pocket for medical services and procedures until your health insurance deductible is met. Here are some tips in helping you get the most out of your plan:
- Start a Health Savings Account
Almost all banks offer this and it’s free. Just ask them.
- Plan your non-critical medical procedures early in the year
Your Tennessee medical health insurance deductible window is usually from January to December. The sooner you meet your deductible for the year, the more time you have for your insurance to start covering everything else.
- Pay off the medical balance and save
If you are able to pay off an entire balance, call the health insurance provider’s billing office and ask if there is a discount for paying off the entire balance, instead of paying in installments. Even if your balance is say $360 and they offer a 20% discount on paying off the balance, that is a savings of $72!
- Pay in installments
Ask your provider to set up an installment plan. Most doctors and hospitals, like Vanderbilt Medical Center, are very good at working with your budget and will work out an agreeable payment plan with you.
- Free medical treatment for children
If you have a child under age 18 and needs treatment for orthopaedics, cleft lip and palate, burns, or spinal cord injury, consider Shriners Children’s Hospital. If your child needs cancer treatment, contact St. Judes Children’s Research Hospital.
These are just some ideas to help you with your out-of-pocket medical expenses. If you need to talk to us about your medical needs and concerns, let us help you with the available options.
Call us at 615-376-8899