Medical expenses are incurred from diagnosing, preventing, or treating a medical condition. These expenses have been steadily increasing over the years. Medical emergencies are unpredictable and can’t be planned for, but you can save towards such instances. When you’re faced with a major health issue, and your financial accounts don’t have enough money for the services, it can be challenging and lead to medical debts. Here is a list of seven financial tips to better manage your medical expenses.

1. Plan Ahead

Accepting that medical expenses are inevitable, planning to fund in advance can help with the unexpected. Contribute to a Health Savings Account; this account is used to pay for qualified medical expenses, and the money set aside is on a pre-tax basis. You can also use reserve funds to cover your medical costs upfront. This will save you from emergencies.

2. Ask for the Cost Before the Appointment

Knowing the price of services before you use them can help you avoid surprises and thus eliminate the risk of falling into medical debt. Some people make the mistake of not asking about the medical services prices, which is one reason they end up having to incur higher expenses. The Internet has made obtaining an estimate of medical costs simple and affordable; therefore, you can use this information to ensure you have the necessary funds for your medical needs.

3. Ask About Options and Alternatives

Unfortunately, not everyone knows all the options available for obtaining medical services. Many people think they have no choice but to go through the medical system, which sometimes causes severe financial damage. For example, patients do not know that they can get a procedure done at a much lower cost than the recommended one. It is important to ask about all the options you can use to save on costs.

4. Review Bills for Errors

It is essential to determine the real cost of medical services because the final price can include unreal charges. Billing errors can occur due to duplicating charges, upcoding, and unbundling. Duplicate billing is when a patient is billed twice for the same item or service. Upcoding occurs when a medical provider overcharges by billing at a higher code than one that describes the service provided.

Unbundling occurs when a single charge on an invoice is separated into several smaller charges, each of which may attract additional costs. To avoid these expenses, it would be wise to carefully read your bill and take note of what they are charging for, and if anything seems excessive, you can ask them to correct it. For additional help, you can work with a specialist in medical debt relief. They could help you analyze your bill and look into your different options. 

5. Get Care from Less Expensive Provider

You can obtain some healthcare services at a much lower cost if provided at certain locations or in less expensive facilities. Some hospitals are more expensive than others for the same services, and patients need to do their research to receive appropriate care at a lower cost. Some facilities may allow patients to save on medical costs because the services are often discounted.

6. Use In-Network Care Providers

It is important to know the difference between commercial and in-network health insurance providers. In-network care providers are contracted through your health plan, and their fees are negotiated for you. Commercial care providers are not included in your plan; however, they can still treat you but will charge you outside the plan fee schedule.

Always ensure that all health services you receive from hospitals or other providers are from an in-network provider to avoid additional expenses. 

7. Ask for Discounts

Because medical costs are often unpredictable and can cause financial setbacks, many people are willing to pay for discounted services or products. These discounts usually apply to preventive services and treatments like doctors’ visits and prescription medications. You negotiate a lower price for healthcare services with the doctor.


There are many ways in which patients can avoid the high costs of medical care. Among the ways you can use include asking for discounts, getting care in less expensive settings, and reviewing bills for errors. It is important to understand all the options to find a health plan or medical service provider that works for you. Getting treatment at a lower cost is a positive step towards saving money on healthcare expenses.