Keeping Health Insurance Affordable
Finding a health insurance plan that fits your needs doesn't need to be overwhelming. When shopping around and comparing plans, it is important to know what makes a plan affordable for you.
Ask yourself these questions:
Who am I shopping for?
- My spouse?
- Myself and my spouse/partner?
- Myself and my family (spouse and dependents)?
- Do I regularly see a specialist?
- Am I managing a chronic illness?
Keeping in mind these important factors will help guide your coverage decision.
Steps you can take to lower health insurance costs:
- Do your research first to select the plan that best works for you and your family. This means selecting a plan that covers the services you know you will use. Even if the plan has a higher premium, it may save you money in the long run.
- Your overall health is an important factor. Keeping yourself healthy through a good diet and regular exercise is one way to proactively keep your health care costs down.
- Receiving medical care from providers within the plan's network of doctors, hospitals, pharmacies, and other health care providers.
- Getting your annual physical to stay on top of your health and any conditions.
- Reviewing your explanation of benefits (EOB) each year.
- Taking advantage of any discounts that your plan offers. For example, some plans offer discounts for gym memberships, etc.
- Researching to find out if you can save money on any prescriptions you may have by using a specific pharmacy or a mail-order pharmacy such as Express Scripts. It is also very helpful to find out if there are generic versions of your prescriptions available.
- Make an appointment to see your doctor sooner rather than later when you do not feel well instead of spending more time and money at the emergency room, especially for non-emergencies. The average cost of a trip to the emergency room for an adult is $700, which does not include any tests or hospitalizations.
Next section: How to purchase health insurance