Catastrophic Health Insurance
surviving high health insurance costs
Health insurance is costly. There's no doubt about it. Here's one effective way you can lower your health plan cost and keep quality medical coverage.
Open a health savings account
Health savings accounts are a relatively new idea. They are much more popular now than when they were first introduced. The biggest benefit of health savings account is that you are able to deposit money pre-tax into your account and use the funds to pay for medical, dental, and other expenses, tax-free. This can save you hundreds, even thousands of dollars if you have high medical expenses in a given year.
Find out how much money you could be saving.
Or call 877-648-2539 between 8am and 7pm (central time) to speak with a locally licensed agent and get a quote!
Raise your deductible
In order to qualify to open a health savings account, you must own a qualified high deductible health plan. These plans have deductibles that range from around $1,200 to $5,000 for an individual, and $2,400 to $10,000 per family. The great part about buying a plan with a high deductible is that the price for the insurance plan is very low. The higher the deductible, the lower the price.
The reason for this is you are agreeing to pay more, if you need medical care, before the insurance benefits kick in. It's important to choose a deductible that's high enough to keep the price low, but low enough that you could handle the cost if you had medical expenses during the year.
Shop around before you purchase a plan
It's so important so look at different companies when searching for a health plan. I can't stress this enough. Because of the different rating methods that insurance companies use, rates for similar plans can vary greatly from company to company.
Make sure you look at the company's financial rating so you can verify their stability. Compare benefits and pricing thoroughly so you understand what you're buying, in detail. A local insurance agent can help lead you through these details, and at no cost to you. It's vital that you understand any exclusions or limitations as well as other plan details before you buy.
Find out how much money you could be saving.
Or call 877-648-2539 between 8am and 7pm (central time) to speak with a locally licensed agent and get a quote!
