There are ways to lower your health insurance cost, whether you are just beginning to shop for new insurance or you would like to change your existing plan. For example, you can raise your deductible in order to lower your monthly premium, you can see if your children qualify for any government plans, you can look for group coverage (which is generally cheaper), and you can see if you qualify for tax breaks and incentives from the government.
If you are just beginning to shop for insurance, think about cutting your health insurance cost by opting for a plan that allows you to raise your deductible in order to lower your monthly payment. If you are healthy, this is a great way to save money. Your monthly payments will be lower, and then you can set aside some money in a regular or a health savings account in order to pay that higher deductible if the time comes.
Next, you can also cut your health insurance cost by seeing if your children (or you) qualify for a government plan. Just search for “children government health insurance” and start to review your options. Under Obama’s health care reform act of 2010, there are a lot more options out there for lower income families. In fact, if you make less than $88,000 per year, you may qualify for tax incentives and stipends for your entire family.
Group coverage is a always a great way to cut health costs as well. You can usually get on group plans through your workplace, your alumni organization, unions, professional organization, and even some religious organizations. You just have to start asking the groups you are affiliated with if they offer group rates.
Finally, make sure you call to get free health quotes. This is the best way to make sure you are shopping around to get the deals you want. You can also get all your questions answered – which is a lot easier than trying to buy insurance online.