Ways To Save On Health Insurance
The way to save on health insurance is similar to other types of insurance: Reduce coverage in various ways and limit the insurance carriers risk.
- Get your coverage immediately, before you have a health problem or accident
- Get a plan with a higher doctor visit co payment
- Consider an HMO over a
PPO to reduce your overall cost (even if the premiums on the HMO are slightly higher)
- Look at plans with higher out of pocket maximums
- Try to get into a group plan, if ill
- Compare at least 3 different companies
- Make sure the policy protects you from large medical costs
- Find out what's excluded
- Examine your policy closely during the free look period
- Choose a higher drug co-pays
- Consider catastrophic or hospitalization plans
- Use a local independent agent
- Not getting involved in health insurance scams.
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