Your health insurance plan is a contract between you and your insurance company but do you really know what is in it? “Completely understanding your health insurance benefits can save you money,” says Dustyn Shroff, Vice President of GreatFlorida Insurance, Florida’s largest independent health insurance provider.
Our knowledge should extend beyond premiums, deductibles and in-network doctors. We don’t always research the specifics of our plans, making the most of our medical coverage. According to HealthCare.gov, insurance companies and job-based health plans must provide you with a Summary of Benefit and Coverage (SBC). It is smart to take time to review our healthcare benefits and how they can work to our gain.
For example, if you have medical, dental or vision coverage, take advantage of preventative screenings. Annual check-ups, well-exams and cancer screenings are free. Vaccinations such as the flu shot also do not cost you anything due to recent changes in healthcare.
Likewise, check for the inclusion of discounts for health and wellness products and services. This can include gym memberships, yoga classes, exercise equipment even trips to the chiropractor. Your health insurance could cover a visit with a nutritionist to improve your diet or smoking cessation classes to help you stop smoking. Some health insurance plans also include healthy living rewards, discounts for healthy habits.
“Be sure to check into prescription drug coverage,” reminds Buck with GreatFlorida Insurance. Switching to generic drugs can keep money in your pocket. The U.S. Food and Drug Administration (FDA) reports generic drugs cost 80 to 85 percent less than brand-name versions.
Another place to find prescription drug savings is in the pharmacy you choose. Shop pharmacies and compare prices, especially on prescription medication you use regularly. Wholesale clubs such as Costco and Sam’s Club, do not require a membership to fill and purchase prescriptions at their pharmacies. Also, do not be shy about asking your medical professional for samples.
Do not waste your time if you do not like your doctor or clinic. Most people do not switch because of the hassle of finding a new doctor. But many websites with reviews or word of mouth, will assist in finding a physician you feel comfortable with while in your network.
Additionally, pay attention to open enrollment season. This is the time to make any necessary changes to your health insurance plan. Re-evaluate your medical expenses over the past year while keeping future needs in mind.
GreatFlorida Insurance provides top notch medical insurance through Blue Cross Blue Shield of Florida, or Florida Blue. Give us a call today or go online to find out more information.
