8 smart moves to save on health care

Shop around for medical procedures

You wouldn’t buy a laptop or HDTV without comparing the prices at different retailers, right? If you’re uninsured or have a high-deductible plan, the same approach should apply to medical procedures.

“The price differences in health care between providers and plans can be 500% or more,” explains Jeffrey Rice, M.D., CEO of Healthcare Blue Book, a free way to compare health care costs. “Most people think that their only option is to go to an in-network provider and pay the deductible.”

Shopping around for the best price can lead to big savings. In Indianapolis, the cost of an MRI ranges from $1,045 to $3,104, according to Healthcare Blue Book.

Use websites like HealthCareBlueBook.com or FairHealthConsumer.org to research the average price for the test, exam or operation, and then call your provider and ask how much they charge for the procedure.

If their price exceeds the average price, pull out your provider directory and call around. The effort can lead to big savings.