EPISODE · Jul 19, 2022 · 8 MIN
3 Best Ways to Stop Inflation from Wiping Out Your Health and Your Cash
from The Health Benefits Network · host Health Benefits Network
Everyone is feeling the pain of inflation right now and it is causing some people to make dangerous choices about their health care. Grace shares 3 ways to stop inflation from wiping out your health and your cash. To learn more about how to save your money and your health, visit her at: Scoop Health “Access and Pay for The Healthcare You Need” https://scoophealth.lpages.co/health-benefits-network/ #StopInflation #MedicalCostSharing #ScoopHealth Inflation is the highest it’s been in decades and two-thirds of Americans are saying high prices are causing them to make difficult choices at home. And the cure for inflation is of course raising the interest rates, and that’s going to make budgets even tighter and uncertain going forward. So it’s only natural to look closer to home to see where your family can cut back on any non-essential spending. One area that’s an easy target is the way you approach your health benefits. Now, this is especially true if your family is generally healthy like most of us. A lot of people will try to reduce their premiums or cut off health benefits entirely. Believe it or not, some people actually put off getting diagnosed with medical care due to the high cost. They wait till something bad happens, and they hit the insurance deductible and then schedule the procedure they needed to get done. But that’s what happens when you have health insurance. So It’s pretty easy to look at those expensive health insurance premiums each month and think it's a waste of money. When you add the copays, deductible, and high out-of-pocket maximum, it's pretty easy to justify just keeping that cash in the bank instead. But then reducing or cutting off your health insurance could leave you deep in debt when the next serious medical event happens. And, while delaying medical care may offer some short-term spending relief, the downside is that those untreated symptoms turn critical, surgical, or worse. All resulting in even more urgent and expensive treatment just by kicking the can down the road and not getting the right care early in the diagnosis. But what if you could actually reduce your spending on catastrophic health benefits while keeping your family healthy and sheltered from the devastation of large unexpected medical bills.
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3 Best Ways to Stop Inflation from Wiping Out Your Health and Your Cash
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