10 Tips to Maximize Your High-Deductible Health Plan

8. Keep good records

Keep copies of all your medical receipts, just in case the insurance company makes an error.

9. Do some research

It’s unwise not to go to the doctor when you have a problem. But you don’t need to see a professional for a simple case of the sniffles. Many insurance providers have online information and nurse advice lines that can help you understand symptoms.

Of course, if any of this feedback indicates that you require care, don’t delay. Waiting to see a doctor could end up costing you substantially more if the condition worsens.

10. Work the system

NPR told the story of a man who met the $4,500 deductible of his plan when his appendix had to come out. After that, the insurance covered the cost of a nonemergency procedure he’d put off.

In some cases, you may still owe a copayment or coinsurance after you reach the deductible, but you’ll still pay for less.

Are you among the growing number of Americans with a high-deductible health plan? How has it worked for you? Let us know why by commenting below or on our Facebook page.

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