The cost of medical treatment is constantly going up. While health insurance is one of the best ways to afford medical treatment, there are other options out there to explore on top of these that could help to make medical treatment less expensive. Here are just a few of those options:
Make a legal claim
If you were injured or made sick due to someone else’s wrongdoing, it’s possible that you may be able to fund treatment with a legal claim.
For example, if you’re getting treatment for a car accident injury, it’s possible you may be able to get help from an injury lawyer.
It’s worth shopping around to find the best auto accident attorney – some will charge on a no win no fee basis so that you don’t have to spend any money upfront.
Get treatment abroad
Often known as medical tourism, getting treatment abroad can be a more affordable option, inclusive of flight costs, when it comes to certain procedures such as complex surgery.
Mexico and Cuba are two of the top places that US travelers go for cheap treatment, whilst some venture as far as Singapore and India.
It’s important to always do your research into the clinic you choose so that you get the best quality care.
Take out a medical loan
Taking out a loan could be another way of affording medical treatment, but rather than choosing a conventional lender, you may want to look into specialist medical loans.
Many of these loans have 0% interest fees – this could allow you to pay for treatment in smaller installments without paying any more in the long run. Medical loans may have conditions if you miss payments.
Open an FSA
You could also consider opening a flexible savings account. These are accounts that can be used purely for medical purposes.
These accounts have several advantages – the most significant being the option to contribute earnings from your employer with tax deducted.
You can money from an FSA to pay for most medical procedures as well as medication and other expenses such as bandages.
Make use of club or organizational membership discounts
There are certain clubs and organizations out there that can offer you a discount on any medical bills.
Your local and/or state Farm Bureau could be one of these organizations to consider. While it is primarily set up for farmers, anyone can join this organization. There’s usually a discount on medical treatment guaranteed for being a member.
Other clubs or organizations that may have membership discounts include automotive clubs and gyms. Membership fees may vary, so make sure you’ve got another reason for joining other than just the option to get a medical discount.
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