Are you in need of a low cost health insurance plan, but don't know how to go about finding one? Don't feel bad or silly because there are a lot of people in that position. Honestly, health insurance options are not as inexpensive as they once were and prices have gotten much higher over the past 15-20 years. There are a few very simple things that you might be able to do to lower your health insurance costs. Let's take a look at three of these options.
#1. Try to get Group Health coverage through your employer - If this is available it's almost always your best option. The reason for that is because your boss is paying for part of your costs and also that there's buying power in numbers. The more people buying then the more coverage you'll get for less. Take advantage of it if it's available, because no matter what I can almost guarantee that you'll pay more by buying it privately.
#2. Consider reducing your coverage amounts - This is nerve wracking, with good reason. This means that you would actually sit down with an agent and slice and dice your policy coverage until it was more affordable. I honestly don't recommend doing this, but it is an opyion. Keep in mind that there's only so much you can reduce.
#3. Raise your deductible substantially - Other than #1, I recommend this as my second choice. You see, no matter whether you have health insurance or not you can almost always plan on spending something out of your own pocket. This can be an annual deductible, co-payment, prescriptions, etc. What you're doing by raising the deductible is basically saying to yourself "I can handle the basic doctor visits and prescriptions in exchange for having a policy and being covered for major emergencies". That's not a bad trade off. Also, your premiums will be much lower. This will make those out of pocket costs more affordable.
Bottom line - If you're in need of a low cost health insurance plan then grab a few free health insurance quotes, do some comparisons of the coverage provided and prepare to get the ball rolling by speaking to an agent. Don't put it off any longer!
