What are the Best Ways to Lower my Health Insurance Costs?
When it comes to health insurance, money matters weigh on the minds of millions of Americans who simply can’t afford it. Medical bills are a huge expense to Americans, and as it stands now, 47 million Americans currently do not have health care coverage because they can’t afford the premiums. But this means they also can’t afford the medical bills that are the consequence of not having medical insurance. Though health insurance can be costly, here we will talk about ways to lower those costs so that you CAN get the health insurance you need and say goodbye to those hefty medical bills.
Many Americans are fortunate enough to have employment that offers them health care insurance or benefits. Even worse, many employers today can’t afford to give their employees full coverage as well, and are passing a lot of their health care expenses right back to their employees. You CAN reduce those bills.
One way to do so is to increase the deductibles on your health insurance policy. This is a good option for those that are reasonably healthy and don’t use health care services often. If however you have a number of surgeries or advanced health care needs, increasing your deductible will cost you down the road. By increasing your deductibles, you can actually save hundreds on your annual health care costs, and still get the health care you need. If this is the option you choose, it’s always best to have a little savings aside to meet those deductible costs when the time comes.
Generic prescriptions are another way to save money on health care insurance. Often times, these medications will cost you half of what brand name medications will cost you. In addition, if you use health clinics over full medical practices for health care, you will also save money on your health insurance. Again, these are means to lower your health insurance if you don’t have serious illness or don’t use health care frequently.
Lastly, if you ARE employed and getting health insurance from your employer, it still isn’t a bad idea to shop around. Often times, employers will choose the health insurance companies with the path of least resistance to their own bottom line, and this doesn’t always mean you will get the best care. In fact you will get the care that your employer can afford. As you are more than likely paying for your health insurance one way or another through your employer, you may find that shopping around will actually save you money. You don’t have to go with your employer’s coverage, and you shouldn’t if you can get it cheaper elsewhere.
Though it can seem impossible for Americans to get health insurance today, it can also seem like an uphill battle to get the insurance you can afford. Today’s insurance industry is such that companies want your business and will give you the competitive rates you need to get it. But you have to do your homework, and shop around. You can lower your health insurance rates if you want to!