1. When the deductible year is almost over and you’re a long way from meeting it.
Your annual deductible probably resets every January 1. Now if it’s December 10th and you’re a long way from meeting your deductible but you need to see the doctor, it might make sense to pay cash.
First, find out how much you’d have to pay out of pocket if the claim is processed through your insurance. Then find out what your medical provider would charge for the service you need if you were to pay cash. Ask if any discounts are available for up-front payment.
Paying cash can sometimes cost less out of your pocket than having the claim processed through the insurance company. Just remember, when you don’t use your health insurance coverage for a medical service, the money you pay out of pocket will not count toward your deductible.