Today, people are more empowered than ever when it comes to their health insurance. They have access to quality insurance products and have a wide range of options to select from.
Yet, not everyone finds buying insurance an easy process. But, it doesn't have to be. If your current premiums are on the rise, there are steps to take to reduce your costs significantly. For those ready to make some changes, there are several steps to take now.
Consider What You Are Using
Before changing your existing health insurance plan, take a closer look at it.
- Does it offer the specific coverage you need?
- Are you using its features?
- What were your out-of-pocket costs for the year?
- How many doctor’s visits have you had over the previous year?
- Did your insurance provide coverage for the specific types of care you needed?
By looking at how you used your health plan, you can determine if the current policy really is a good fit for you. Maybe you still paid a significant amount out-of-pocket or didn’t use some of your benefits. Those are the areas you may wish to focus on when selecting a new plan.
What Helps You Save Money on Health Insurance
Being healthy is always the best way to reduce your premium costs. But, there are other steps you can take to ensure you pay just what you need to for health insurance.
- Have you compared multiple plans to find a good fit with coverage? Most insurance companies offer flexibility in coverage. The flexibility can help you avoid paying for what you don't need.
- Are you flexible with your doctors and hospital needs? If so, you may be able to find a more affordable plan with new providers.
- Are you taking steps to improve risks? This may include maintaining a healthy weight, avoiding smoking and remaining active? Insurers see these as key factors impacting your insurance rates.
Most importantly, don’t forget to consider multiple plans. The Affordable Care Act allows you to be in charge of the coverage you need.
You can work closely with an insurance agent to find a specialized plan for your specific needs. Be specific – what coverage do you really need? What don’t you need? This can help you save money without limiting your health insurance protections.
Simpson Financial Group can work one-on-one with you to choose your best health insurance policy. We can help you get the right coverage at the best price. Call us today at (877) 727-7780 or visit our website for more information.