Managing Health Care Cost in Youth

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In the young age, the youth does not think about a lot of valuable money saving tips, such as managing health care costs, for instance. “Youth does not guarantee good health and low health costs (Maranjian 1)”.  The best time to study and make decisions about the health care prerequisites is in twenties. It is important to understand about the health care cost and terminologies because many employer promise about the retirement health care coverage, which is later on reduced or outright cancel. Thus, understanding about the health care cost in the young age make it easier to manage it, in the old age.

According to the University of Southern California study states that mental disorders, cancer and heart disease are “among the top five causes of mortality in young adults.” Drug and alcohol use, along with accidents, can lead to health care use. Some important steps which can help majority of the readers to cut down the health care cost are as follows:

First, selecting a high deductible is beneficial in minimizing the cost. If a person is in good health, signing up for health insurance with the option of high deductible helps to cut down the cost of health care bills.

Second, the generic version of medicine is more affordable in cost. It is a good practice to ask the doctor to prescribed an alternate medicine than the expensive one, but the generic medicine should be equally effective. Always check with different pharmacies to compare the prices of the medicines and to avail a better deal.

Third, check the bills which comes from health insurance, is a good practice. Medical Billing Advocates of America states that almost 80 percent of the medical bills, usually have errors in them. A wrong code on bill can initiate a wrong charge. The more a person learns and read about his or her medical coverage, the better chances are there to save money. Moreover, a patient can also look online to look for estimated cost for different services available at various hospitals.

Last, it is essential for everyone to make healthy decisions in regard to health. A person cannot control his or her health but can definitely opt healthy habits. Regular checkups, avoid drugs and smoking, regular exercise and preventive care can benefit in health and can also reduce the cost of health insurance.

According to Thomas M. Harte, the president of NationalAssociation of Health Underwriters, everyone does not need the most expensive health care plan as less than 10 percent of population is admitted to the hospitals every year.

As an American, it is our foremost duty to be aware about the health care coverage’s and the costs related to it. Just by spending time productively can help everyone buy going through medical bills, keeping healthy habits, getting generic medicines and choosing a high deductible health care plan. Health should not be taken for granted, even if someone is young, getting a health care plan is the right way to pick, to avoid bigger medical bills for emergencies.  

Work Cited                                         

Christensen, J. (2013, October 3). 5 things to think about when picking your health insurance plan. Retrieved from CNN Health: www.cnn.com

Maranjian, S. (2013, August 22). 5 Tips to Help 20-Somethings Manage Health Care Costs. Retrieved from Daily Finance: www.dailyfinance.com