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Kip Tips

Videoconferencing With Financial Advisers, Doctors

Save money by consulting with professionals in real-time via video.

Professionals who have traditionally met in person with clients are increasingly using videoconferencing to formulate financial plans or make medical diagnoses.

See Also: 50 Ways to Cut Your Health Care Costs

Younger clients are most likely to work with a planner via video, but the concept also appeals to snowbirds who would prefer a relationship with one adviser despite frequent out-of-town stays. Planners may charge the same rates regardless of how you meet with them, but people who live in high-cost regions might save by hiring an adviser in an area with a lower cost of living.

Telemedicine is for non-emergency issues that doctors can quickly diagnose and prescribe treatment for on-screen—say, a rash or the flu. Your health plan or employer may provide low-cost virtual visits (see Get the Most From Your Health Plan). Or make appointments independently of your insurance plan with outfits such as MDLive and American Well (each charges $49 for a consultation).

Watch for location-related snags. Some states prohibit doctors from prescribing to patients they’ve never met. Make sure that a remote planner is familiar with relevant tax laws in your state.