How Can I Save on Health Care Costs?

Health care is complicated, expensive, and often overwhelming. But it’s also one of the most important parts of your financial life. The good news? You can cut costs without sacrificing care.

Start with Open Enrollment
If you get insurance through work, don’t just stick with last year’s plan. Compare premiums, deductibles, co-pays, and coverage. Sometimes a higher premium means lower out-of-pocket costs overall. If you have a partner, compare their plan too — switching could save you hundreds or more each year.

Check the Marketplace
Even if you’re insured elsewhere, look at Healthcare.gov or your state exchange. Subsidies are more generous than ever, and some people qualify for $0 or low-cost plans. Always compare premiums and maximum out-of-pocket limits.

Use HSA or FSA Accounts
If eligible, contribute pre-tax dollars to a Health Savings Account (HSA) or Flexible Spending Account (FSA). HSAs roll over year to year; FSAs are generally “use it or lose it.” Both give you a built-in discount on expenses like co-pays, prescriptions, glasses, and more.

Shop Around for Care
Medical costs vary widely. Before tests or procedures, ask for prices and compare in-network options. Check sites like Healthcare Bluebook, and use apps like GoodRx for prescription savings. Always review bills — errors are common.

Avoid Over-Insuring
Extra coverage like accident or critical illness policies may not be worth it if you’re healthy. Consider putting that money into an HSA or emergency fund instead.

Prioritize Prevention
The cheapest care is the care you don’t need. Eat well, exercise, get sleep, avoid smoking, and manage stress. Small daily choices can prevent big health expenses down the road.

Open a Standard Plus Checking Account from TCCU
The perks package that comes with this account includes health discounts that have benefited many TCCU members.

Bottom line: With smart planning and healthy habits, you can keep your care high and your costs low.