Amy Clark

5 Ways to Save Money When Facing a Chronic Illness

This post is sponsored by RxSaver by RetailMeNot and includes tracking links. For more information about tracking links and how to opt out, please visit All About Do Not Track prior to clicking any links found in this post. All thoughts and opinions are my own! 

If there is one thing I have learned since my Ehlers-Danlos Syndrome diagnosis, it is just how expensive having a chronic illness can be. The daily maintenance of medications, supplements, therapeutic services, doctor visits, medical devices, and dietary requirements can be extremely taxing on our budget. 

That is why I’m excited to partner today with RxSaver by RetailMeNot to share their online tool that helps you find the lowest prescription prices available. You can shop right at your own nearby pharmacy and save tons. 

As a budget-conscious person, I also wanted to share with you some strategies I have been using to save money to help offset some of our medical expenses. While we can’t always do financial planning for a chronic illness, we can learn better strategies for managing your money with your chronic illness.  

Here are 5 easy ways we saved while not compromising on the care I need to treat my condition!

Get Familiar with Your Health Insurance Plan

If you are fortunate enough to have health insurance, it is SO important to read what benefits are covered under your plan. With a brief scan, you may discover potential savings that allow you to explore services you thought you would have to pay out of pocket for. Many plans can offer coverage for items like medical equipment, home health agency services, physical or occupational therapy, and even your chiropractic care. 

Two appointments I have been regularly booking, for example, have been for acupuncture (to help treat my TMJ symptoms) and massage therapy (to also work out issues around my jaw and neck).  

Those typically sound like spa services, don’t they? 

Can you believe they are covered at my chiropractor’s office? I’m able to have these services processed under the umbrella of chiropractic medical care through my health insurance company.  

Isn’t that so great?

If you are unclear if a particular service is covered, contact the number on the back of your insurance card to request an associate look at your policy and help you walk through your benefits.  This is also a great time to ask about potential discounts for healthy and wellness like discounts on a gym membership, nutritional counseling, or mental health services.  

Save Time & Money By Researching Prescription Prices

Did you know there are ways to save on prescription drugs whether you have insurance or not? If you can’t afford your chronic disease medications, you can take advantage of apps that save you money on your prescription needs. 

Simply head to the RxSaver website (or download the app) to comparison shop the pharmacies near you and evaluate which store offers the best deal for your money.

The nice thing about this service is that they don’t require any personal information to use it and you don’t have to have a membership to take advantage of the savings. Simply enter your prescriptions in, compare prices, and choose the best price and location for you.

When I typed in my own medications, for example, I was surprised to find $20-50 savings on one of my medications thanks to this tool finding the lowest prices for me. Check your own prescriptions right over here.

This quick price check can yield your family up to 80% off at pharmacies nationwide!

Find Ways to Earn Money & Trim Your Current Expenses

When you become diagnosed with a chronic condition, you may find that your days look a lot differently than they did. Honestly, I found that my day was really structured around appointments and squeezing in a little rest.

As we all know, when our days look different our spending can also look different.  

This is a great time to reevaluate your monthly subscription services to see if they are being used enough to justify the expense.  If they no longer fit with your new lifestyle, consider reducing or dropping services to save money to pay for your future medical expenses.  

A monthly gym membership, for example, could be reduced down to a class pass instead that can work with your new daily schedule. 

Small switches like this can free up funds for future medical expenses.

Also, consider tweaks that can help you earn money to help offset costs. Moving your savings to a high interest earning online bank, for example, can yield up to twelve times more interest than what you may currently be earning.

As you explore your financial systems, I would also encourage you to get advice from a trusted financial planner to discover ways you can earn more from interest or strategies for investing wisely to help cover any unexpected expenses. 

Discussing what your new normal looks like, with your financial advisor, can impact lots of future decisions. This is a great time to go over things like estate plans, life insurance, and strategies for covering your medical costs.  The more transparent you are with your financial advisor, the better dialogue you will have to prepare for your future.

Take Advantage of Wholesale Club Prices Without the Membership (or Heavy Lifting)

Wholesale club memberships can be expensive up front, but can yield great money-back rebates and savings on items or services needed for your health. Just think of all the potential savings on things like vision, supplements, or medical care equipment needs. 

Now that I use Instacart for grocery delivery, I discovered that you don’t need a wholesale club membership card to have a grocery delivery service gather your groceries for you. This workaround on the Costco membership means that I can take advantage of all the store has to offer online and have these heavy items delivered to my door.

If you do have a card, you can input your membership number for them to use, securing more in your future rebates without the hassle of shopping for it all yourself.

Keep in mind that the grocery service does not typically purchase a lot of the over-the-counter medications you need though and that section of the store can save hundreds on your health expenses.

No grocery delivery in your area? 

As a small town girl, I feel your pain!  

You may consider doing a grocery pick-up service and having someone at home to assist you with the heavy lifting. 

Single? 

I have found a rolling shopping cart saves me time and energy on my grocery days.  #stillwinning 

Ask About Patient Assistance Programs

Lastly, if I learned anything from my Dad, it is that it never hurts to ask for a discount!  Many places I visit offer a discount card for repeat visits, a reduction on medical bills if paying out of pocket, or can share samples of prescription medication that can help offset a bit of your day to day expenses. 

I highly recommend asking too if there are discounts for students, seniors, military, long-term disability, or being low income discount. I have often been surprised what discounts I had at my disposal that I would have never known about if I had not asked.

Not only is asking about a patient assistance program at your various appointments beneficial, but it is also something you should look for when shopping for items you may be purchasing online.

In fact, many expensive medical devices or medical supplement sites may have a page dedicated to Assistance Programs, on their website. These programs allow you to apply for a set discount on your purchases that can save you a lot of money or can be covered by your health savings account.

Just like being transparent with your financial advisor, I encourage you to have transparency with your physician about your budget too.  When our son’s medication skyrocketed hundreds, we set up an appointment to discuss alternatives that wouldn’t be as costly. By having this conversation, we were able to switch our son to a higher milligram pill that could be split into two doses, giving us twice the amount of pills for a lot less.

Don’t forget though, you have a patient assistance program right in the palm of your hand. The RxSaver app can help you narrow down who has the cheapest prescriptions in your area and get you back to resting in no time flat.

This post is sponsored by RxSaver by RetailMeNot. All thoughts and opinions are my own! 

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Published June 25, 2019 by:

Amy Clark

Amy Allen Clark is the founder of MomAdvice.com. You can read all about her here.

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