How To Save Money On Medicine And Healthcare after 50

Practising to save money on medicine and healthcare gives major value to your pocket. It’s natural that after 50 your body demands extra care, which gives extra burden to your pocket, but your effort to save money through your awareness can help your pocket. In this blog, I will help you save money on medicine and healthcare based on my personal experience, and I hope this will benefit you.

Go for Generic Medicine in Place of a branded one

Generic medicines are equally good in terms of quality wise effectiveness. They are almost 80% cheaper than branded. In India, no medicine is being sold without permission from the government. Before going on sale, the company will have to obtain approval from the CDSCO. Then, the medicine will be available in the market, which is why companies can’t sell inferior products.

After my angiopathy, I used to take branded medicine, which cost around 4000 per month. However, after switching to the same medicine with the same salt, the cost reduced to around 1000, meaning I save 36000 per year. Take Atorvastatin in place of Lipicure; your doctor can guide you.

Choose a Good Health Insurance Policy

It’s natural that after 50, our body’s immunity system & bone strength decrease, but taking a good insurance policy can help us financially for unexpected costs. Many insurance policies cover OPD expenses, so we should go for it. Compare premiums and choose wisely. This helps us to save money on medicine and healthcare.

Get Regular Checkups And Negotiate Hospital Charges

Preventive care is better than emergency care, so we do regular check-ups of our bodies from a reputable lab. Time to time, they offer a discount & check their package for a discount. Request the doctor to avoid unnecessary investigation & prescribe essential check-up only. Enquiry about community health centres because they do the same test at a low cost compared to a private lab. In India, many hospitals or labs offer special discounts to senior people, so don’t hesitate to inquire about this offer. Try to visit a charitable or missionary hospital; they are known for affordable care with good facilities.

Use the Government Health Scheme For Senior Citizens

The government offers various health schemes for seniors, like

• Ayushman bharat(PM-JAY)
• Senior citizen Health Insurance by the state government
• CGHS: If you are a government retiree, you can avail of free or subsidised treatment, which will help us to save money on medicine and healthcare.

Stay Fit

If you stay fit, mentally and physically, that means you save money on medicine and healthcare. You stay fit, which means you are going for a morning walk regularly, doing stretching exercises regularly and maintaining your diet. After 50, this routine is very necessary because your health and money are both important. Staying fit boosts your morale to compete with full energy. Your healthy lifestyle reduces dependency on medicine and doctors.

Use Health Apps, Search for online discount & Purchase Medicine in Bulk

Your smartphone save money on medicine and healthcare. Download apps of Pharmeasy,1mg, and etc. Compare the price &search for a discount because these companies time to time, give discounts for senior citizens. Always make a profile in your name & age. If your medicine is for long-term use, then purchase it in bulk because you will get a low price that will help you save money on medicine and healthcare.

Final Thought

Your age doesnot raise your medical bill but being concious about your health & manage your good future. You will have to take care about your diet with a smart approach and good habit. Stay healthy & save money on medicine and healthcare. Take control of your health today your future will thank you.