Super Fitness Health BlogHow To Save On Health Insurance Without Risking Your Health
Healthcare costs are a serious burden to the majority of tax-paying individuals, and the costs of health insurance continues on increasing too. But it is impossible not to get health insurance coverage, because there are emergency situations that might warrant unexpected expenses such broken bones, scan and other nasty surprises. So the question is, how can you, someone with a limited budget, turn things into your advantage? Here are 4 approaches to keep these expenses at a cheaper level and save money on your health insurance.
Insurance with the Company
Firstly, think about all the readily available insurance options. See what sort of benefits you have out of your boss and labor union. The most affordable way to go is to use a group health insurance. These could be discussed by the employers. Your primary advantage is not to pay a certain part of the premium. Also, find out what type of medical coverage is your spouse receiving from their company. Find the plan that complements your needs best and then choose the most affordable rate.
Individual or Family Insurance Policies
If you have problems with your employer or have a hard time bringing it up to your boss, then there are other ways that you can obtain discounts without involving your employer. Shop around and compare both premiums and benefits of each plan. If you really don’t usually have any major health concerns and if this is legitimate for your family members as well, then you might be considering the Health Savings Account or the HSA. It will allow you to save tax-free dollars for your health expenditures. This is similar to an Individual Retirement Account, just that withdrawing money is not penalized and no tax is paid. The HSA would work great especially when you would couple it with an insurance policy with high deductibles and with low rates.
Don’t Wait Too Long
Age does matter when it comes to insurance and it would be better to apply for one now than wait until your old which can be a basis for disqualification. Sadly most people have no such fears while they are still young. Acquiring an insurance policy when the risks are low is simpler and cheaper.
Look at Your Habits
Watch your habits and regulate them. Coverage is based on your way of living. If you don’t smoke and don’t indulge too much in alcohol consumption, you are eligible for smaller rates. If you have lifestyle habits that are bad for your health, you will indicate an increased risk for the insurer. You won’t get away by being untruthful, because most insurers need a medical screening before signing any agreement.
Age is not a main concern when trying to get medical coverage. When under 60, anyone can get good insurance rates, given they have no significant illnesses.
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