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‘Health is wealth’ saying is quite old but timeless in importance. Health is everything, you may have a HUGE amount in your bank account but what is the use of that money if you are bedridden. Similarly, you may have a good command on money management, but it is useless if you get ill and have to spend huge money on medical bills. Every year people spend a good lot of Pounds on healthcare costs and that affects their budgets.
For sure, you can get the same feel if you too spend a considerable part of your income on medical bills. But with many other financial goals, it is possible to keep spending your money on health care. It is necessary to tame them right now.
Source – Full Fact
As you can see (above), the UK has big goals to spend on the health of its natives. Perhaps, this has reminded you of your own costs on health care and you are worried about their possibilities of getting monstrous soon. But do not lose hope, there are some ways through which you can actually control the expenses on this aspect.
NOW several ways of prevention
As you have heard countless times, prevention is better than cure, several ways can help you lessen the costs before it is too late. All of the ways are practical and you can experience faster results.
Do you think branded drugs are better? It is time to change perception & prescription
If you think that branded drugs are more effective than the generic ones, you are ABSOLUTELY wrong. They are equal in clinical effectiveness and quality. Ask your doctor to write generic medicines. You can save around 52% on the daily costs of medicines. This is a small change with a big positive effect on your overall cost of medical bills.
Practice telehealth as the cost-effective alternative
Why do you always need to visit the doctor for small issues like cold or fever? Talk to your doctor on the phone or go for a video chat, they are a much better inconvenience and much less in cost. Every time you visit the doctor, you have to schedule your office hours and need to take an uncommon way to your workplace. This makes you spend more on taking a taxi or by increasing the length of your daily commute. Until you do not feel that something is severe, it is advisable to not to visit the doctor personally.
Make a separate budget and plan if the disease is big and serious
If you have something serious on health aspect then complete financial planning is necessary for that. Keep a part of your income saved for the medical expenses. In fact, there are now loan options available to assist the people in bad phase of their physical well-being. These are available online irrespective of restriction on credit score status. For instance – the healthcare unsecured loans for bad credit UK are offered by several online lenders to manage your finance in the UK. However, to borrow big amount, you may need a good credit score and the obligation. But big loans are not very frequent when you talk about the day-to-day costs of healthcare.
Compare the pharmacy pricing
Did you know that prescription drug prices between one pharmacy and the other can differ up to 10 times? If you didn’t know this, then you check it now on your own. Always compare the prices of medicines offered by the different pharmacies. Choose the one with the least and best prices. There are platforms and online tools to do this task easily. For instance – drugcomparison.co.uk is a website with many options to compare. However, do not restrict yourself to only one or two options, find more platforms of comparison. Read the testimonials of varied platforms to know what other people are getting in their experience bucket.
Embrace a healthy lifestyle
Above all the ways, the best one is to live a healthy life. Do regular exercise, eat fresh, avoid junk food (at least as much as possible), take a balanced mix of proteins and vitamins. Drink a lot of water as it helps to drain out hazardous toxins. Take adequate sleep and avoid stress. Follow it, stick to it and you will see that a big positive change is coming in your health, personality and also prosperity.
Besides the above points, there can be many more ways that you may develop on your own. You believe it or not but small efforts bring big changes and you cannot deny as they actually show the result. Work on every aspect that has even the slightest possibility of savings. All these are effective and advisable to control the speed at which you spend money on health concerns. A little attention on details and flaws can help you do that easily.