Friday, October 24, 2008

Keep Your Dollars in Your Pocket (Part 1)

As of late, there has been several articles addressing measures to reduce your healthcare costs. Recent health population studies indicate that our "senior" (>55) population is better equipped to do that than young adults (25-34). While 3 in 4 adults expressed concern about the cost of healthcare. What is ironic about the results of this study indicate that the seniors are more savvy at finding savings on healthcare costs than the young adults. Seventy percent of young adults stated that the economy has made it significantly harder to pay for healthcare expenses. Here's the kicker...more than half of those >55 stated the economic downturn had not impacted the ability to pay for healthcare at all. This is the opposite of what most people would have thought. It seems that the seniors are more experienced at reducing their costs.
The most prominate area of expense is with medication costs. The study indicated that while those <35 are in fact looking for ways to cut their medication costs but 1 in 5 say they do not know where to start. Only 3% of those over 55 answered the same.
In short, it appears there is an apathetic view of healthcare cost pervading the population...people either don't know where to start or simply feel it is a futile effort.
Well...let me tell you, it is not a futile effort! There are ways to cut your costs and streamline your care. Over the next few posts, I will be discussing some of those methods. Until then, stay healthy and happy.

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