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Saving on Your Health Insurance

Posted on October 8, 2019 by dragonspitapothecary


October is a busy month in healthcare. It is known in the industry as “preventative health month” because of all that is going on. There is national breast awareness for mammograms going on, national oral health month, world mental health awareness, national suicide prevention month, open enrollment periods for Medicare and commercial plans, flu shot awareness and more for us to pay attention to for our health needs. It is also the time we start to get alerts about using up the rest of our health accounts or getting services we need if we’ve already met our deductible for the year.

As a result of all these activities and the seasonal change itself, October by nature is one of the highest months where medical and pharmacy claims volume increase meaning there is a lot of money flowing through the health care space this month. When I first started in healthcare over 30 years ago, you couldn’t ask for any time off between September 15 and January 1. Technology has changed that situation to an extent but it is still considered the busy season for this industry.


With the flurry of activity focused on health care this month I wanted to share with you my best tips for saving on on health needs this month and to maximize savings from what is available. (Be sure to check your specific insurance plan details to make sure your plan covers benefits.)

Health Savings Accounts (HSAs)

Health Savings Accounts (HSAs) are an incredible savings method for your healthcare. Regardless of employer you work for you can take this account with you and invest in a HSA-IRA when funds meet a minimum balance. These accounts are excellent for saving for future health care needs over your lifetime as well as many every day needs now. With the interest and investment returns you can earn these are a smart money choice if you have the opportunity to join one in your plan.