3 ms·
Interesting. I would have guessed the opposite - that the insurance companies get a "volume discount" of sorts. What about with prescriptions? Is it better to
by lawnchair_larry 15y ago
Interesting. I would have guessed the opposite - that the insurance companies get a "volume discount" of sorts.
What about with prescriptions? Is it better to pay cash price via HSA, or can you get a cheaper rate through your provider?
- jasonkester 15y agoThink about the definition of Insurance. It's money you set aside to cover the costs of a low-percentage, high-cost thing. Now think about what the Health Insurance industry wants you to think is the definition of Insurance: In addition to the above, pay us all the money you'd normally save for cold medicine and doctor visits and we'll give most of it back to you when you need it. They're not the same thing, and if you're paying for the 2nd one and not using it every month, you're going to come out worse.
- tirrellp 15y agoAs far as prescriptions, I have a couple cost effective choices: Compounding Pharmacy and Mexico. The compounding pharmacy that my doctor referred me is very reasonable and they can 'custom make' drugs. Mexico is a very good option (I live in San Diego) because I can go get a generic equivalent for 1/5 to 1/10 of the price in the US, and I can use my HSA card to pay for drugs in Mexico.