We are calling this month “May Health Savings Month!” I am dedicated to helping you navigate the world of health insurance with an emphasis on savings. As we embrace the warmer weather and the promise of summer, it’s also a great time to reassess your health insurance needs and explore opportunities to save money while ensuring comprehensive coverage for you and your loved ones. Also, keep in mind that there are several ways to change a plan your not happy with, or that is costing you more money than it should. 

Here are a few things to keep in mind when you are looking at savings related to health insurance:

• Understanding Your Coverage Options:
  May is the perfect time to review your current health insurance plan and explore other options that may better suit your needs. From traditional plans to high-deductible plans with health savings accounts (HSAs), understanding the different coverage options available can help you make informed decisions that align with your budget and healthcare needs.
• Exploring Preventive Care Benefits:
  Many health insurance plans offer coverage for preventive care services, such as annual check-ups, screenings, and vaccinations, at little to no cost to you. Take advantage of these benefits to stay proactive about your health and potentially avoid more costly medical expenses down the road.
• Maximizing Your Health Savings Account (HSA):
  If you have a high-deductible health plan (HDHP), you may be eligible to open a health savings account (HSA). An HSA allows you to set aside pre-tax dollars to pay for qualified medical expenses, providing you with a valuable tool for saving money on healthcare costs. We’ll explore strategies for maximizing your HSA contributions and making the most of your healthcare dollars.
• Leveraging Telemedicine Services:
  Telemedicine has become increasingly popular, offering convenient access to healthcare services from the comfort of your own home. Many health insurance plans now include telemedicine benefits, allowing you to consult with healthcare providers remotely for non-emergency issues. By utilizing telemedicine services, you can potentially save time and money compared to traditional in-person visits.
• Taking Advantage of Prescription Drug Savings:
  Prescription drug costs can quickly add up, but there are ways to save money on your medications. From generic alternatives to mail-order pharmacy options, we’ll explore strategies for lowering your out-of-pocket expenses on prescription drugs and ensuring access to the medications you need to stay healthy.
• Using the LIS Program: The Low Income Subsidy (LIS) helps people with Medicare pay for prescription drugs, and lowers the costs of Medicare prescription drug coverage. I can help you fill out your LIS to help pay for part B premiums.

As we celebrate May Health Savings, I encourage you to take proactive steps to review your health insurance coverage, explore opportunities for savings, and prioritize your health and well-being. By understanding your coverage options, maximizing your health savings accounts, and taking advantage of preventive care benefits, you can enjoy peace of mind knowing that you’re prepared for whatever the future may bring. Stay tuned for more tips and resources to help you thrive with affordable health insurance all year long.

>> Related: Get Brenda’s Detailed Free Savings Guide

Brenda Gilliam, Your Insurance Agent, Medicare Insurance Agent & Extra Help Coordinator

Phone: 423-276-5807

Email: brenda@gilliaminsuranceadvisor.com

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* Not affiliated with any government agency.

*We do not offer every plan available in your area. Currently, we represent 13 organizations, which offer 131 products in your area. Please contact Medicare.gov, 1–800–MEDICARE, or your local State Health Insurance Program to get information on all of your options.