Healthcare is expensive, and it often seems like there is simply no way around it. But with these seven steps from Lockton Affinity, you can reduce your health care costs.

1. Watch Your Bills

Compare statements from in-network physicians to Carrier Explanations of Benefits before paying them. Providers may send a bill out before they have received payment from the carrier. If the in-network provider statement does not reflect carrier payment, do not pay it. Bills should reflect the exact co-payment of coinsurance that is indicated in your policy.

2. Consolidate Health Insurance

It’s often cost effective to insure your family with one health plan, instead of two. By consolidating your insurance with your spouse, you cut your monthly premium costs and pay one deductible. If you’re getting or have gotten married, or have had a baby in the last 30 days, you’ll be able to join your spouse’s health plan immediately. If not, you’ll need to wait for the next open enrollment period.

3. Contribute to a Health Savings Account

These accounts allow you to save pre-tax dollars that can be used for certain out-of-pocket medical expenses. Some plans even allow you to invest the leftover money at the end of the year. Check to see if an HSA is available with your insurance.

4. Track Your Spending

Don’t throw away your healthcare-related receipts. You might be able to deduct out-of-pocket medical expenses. Create a file to track your family’s yearly out-of-pocket medical expenses, including co-pays, prescriptions, eyeglasses and other health aids. If your yearly expenses exceed a certain percentage of your taxable income, you may be able to deduct them.

5. Save on Prescriptions

When your doctor prescribes a medication, be sure to ask if a generic formula is available and if it would be appropriate for your condition. Your pharmacist can also assist you in determining if a generic medication is available.

6. Get Preventative Care

See your doctor and your dentist. Regular physicals and dental check-ups can help find minor problems before they become costly medical emergencies

7. Take Care of Yourself

The only real way to reduce your health care costs is to take care of yourself. Follow your physician’s guidelines about diet and exercise to maintain a healthy lifestyle.


The VFW Insurance Program administered by Lockton Affinity can help you learn more about health insurance, as well as find plans that meet your needs.


Coverage may not be available in all states and is subject to actual policy terms and conditions.  Coverage may be provided by an excess/surplus lines insurer which is not licensed by or subject to the supervision of the insurance department of your state of residence. Policy coverage forms and rates may not be subject to regulation by the insurance department of your state of residence. Excess/surplus lines insurers do not generally participate in state guaranty funds and therefore insureds are not protected by such funds in the event of the insurer’s insolvency.