Are you sick of high health insurance costs? While you’re much better off with insurance than you are without it, it can still be a financial burden for many people. Here are a few ways in which you can spend less on your health insurance costs.
Compare and negotiate health insurance costs
Most people don’t take the simple step of comparing health insurance costs among insurers on the market. A lot of insurers will offer deals to new customers. It’s also possible to negotiate costs by phoning insurance companies directly and asking if there’s any way to lower the cost. You can compare health insurance rates using sites such as http://comparehealthiearizonaonline.insonejhz.com/.
Raise your deductible
Your deductible is the amount that you’re willing to pay out of your own pocket before your insurer steps in. Opting for a higher deductible result in lower insurance rates – however you do need to have some funds set aside to pay for this deductible in the event that you do need healthcare. A lot of people use HSAs (Health Savings Accounts) to pay for deductibles. Sites like https://budgetboost.co/best-hsa-account-provider-review/ offer great comparisons of these accounts. Such accounts can come straight out of your earnings with tax deducted as well as offering other perks.
Consider family plans
If you’re insuring your whole family, it’s often cheaper to get everyone insured under one plan. Not only is it cheaper, but it’s easier to keep track of rather than having deal with multiple healthcare plans. There are lots of these plans around, so it’s worth shopping around and comparing the cost of health insurance family plans.
Consider a fitness tracker scheme
Healthcare insurers have recently been bringing in fitness tracker schemes – the equivalent of car insurance black box schemes – that monitor your health using a wearable wristband and assign insurance rates based off of your physical activity and stats such as blood pressure. If you live a healthy lifestyle and do a lot of walking and have generally good blood pressure, such a scheme could a great option and could save you a lot of money. Of course, there are issues to this scheme as this article https://www.wareable.com brings up – make sure that you read into the pros and cons first.
Look into other funding options
Health insurance is generally accepted to be the best option, but it’s not the only option and some people may feel that they benefit more from other forms of funding. The likes of https://www.carecredit.com/ for example allows to borrow money for healthcare purposes instead using a 0% APR card.
Another option could be to simply rely on savings – if you have a few thousand dollars saved up, you may feel that you’re able to get by without insurance, so long as you’re willing to keep this money reserved for medical emergencies only.
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In good health,