9 Tips to insure your health by paying lower monthly premiums in USA 2021
If you have a health insurance policy, you can afford to get a proper medical treatment when needed. You can follow certain tips to buy suitable health insurance policies or health plans at affordable cost.
Tips to reduce your health insurance policy premiums.
Stay healthy:
If you are buying an individual health insurance policy, then you will be charged based on your present health condition. So you must maintain a healthy diet and follow an exercise plan to get hold of a policy at a lower rate.
Do your research:
It is advisable that you should compare the terms and conditions along with the coverage offered by different companies and select the insurance policy that is most suitable for you.
Opt for a higher deductible:
When you opt for a insurance policy, try to increase your deductible amount. This will lower the risk of the company and decrease your health insurance premiums.
Change you co-insurance ratio:
It is an amount that you have to pay after you have met your deductible. Usually, 80/20 is the common ratio followed by every company. If you change this ratio that is, if you pay more, then the premium you need to on health plans will get lower.
9 Tips to insure your health by paying lower monthly premiums in USA 2021
Use a health savings account:
It is often found that high-deductible health plans are often paired with HAS (Health Savings Account). It pays the medical expenses that fall below a health plan’s deductible amount. This helps a policyholder to fund his/her additional medical costs.
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Get hold of a catastrophic I plan:
This will offer you limited health insurance coverage with a high deductible. Here you have to pay low premiums as it gives you coverage only when a surgery is required due to a sudden accident or any non-chronic disease.
Avoid adventurous activities:
If you are adventurous and involve yourself in skydiving, mountain climbing, then you’re under a greater health risk. This will increase your monthly premiums.
Choose an in-network doctor:
If the insurance company has a strong national network and the doctor you choose is already into it, then the company will negotiate to lower your premium rates.
Go for group health insurance plans:
If you and your spouse have a group health insurance plan, then you can calculate which one will cover both of your needs at a lower cost. This will lower your premiums on your health plans.
Last but not the least, you should try to change your policy according to your changing needs. This can help you save money giving you the best possible health care facility.
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