Why does HealthJoy sometimes recommend cash options over using insurance?

Believe it or not, but sometimes it’s cheaper to pay in cash for some healthcare services. Many services, from MRIs to outpatient surgery, could cost you less in out-of-pocket expenses if you don’t get your insurance involved.  This might seem contrary to how we’ve always viewed how insurance works. We assume that our insurance policy will always negotiate the best rates in our are, but this has changed for people on some plans. This is especially true for people with high deductible health plans (HDHPs) who need to spend thousands of dollars before insurance even kicks in for the year.

Many doctors and facilities are offering significant discounts for cash buyers. Some markets are so competitive that things like MRIs might be cheaper if you’re willing to travel a little out of the way to a smaller facility that might be looking for new business. We’ve even seen facilities offering off-peak discounts at some places so they will ask you to come in extra early or after hours. The monthly costs for a machine like an MRI stay the same regardless of how often they are used, so getting in customers during these times is a big money maker for them, even if they give you a considerable discount. It’s like avoiding Uber “surge pricing” by going after hours.

HealthJoy is always looking for innovative ways to save you money. You don’t have to use these types of recommendations, but we want to present you with different options. If you ever have questions about one of these recommendations, our concierge is here to help.