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An educated consumer is a smart consumer. Research the different types of policies and companies offering the insurance Make sure you know what the policy will pay for and what it won't and how you will be reimbursed for medical visits and prescription.
Pay your premiums annually. You can save money by paying your yearly premium in one lump sum -- check with your insurance agent about how your savings can be.
Move to a higher deductible. If your family has enjoyed good health for a number of years, you may want to switch to a higher deductible of $500 or $1000. You'll notice a significant reduction in premiums.
Don't buy policies that exclude pre-existing conditions. If at all possible, avoid policies with any pre-existing conditions.
Enroll in a group plan. Individual health insurance can be extremely costly for self-employed people. By joining some small-business associations, you may have the opportunity to enroll in a group health insurance plan and save money.
Review your policy every year. Read the fine print to make sure your policy still matches the needs of your family. As the health care system continues to change, and your personal circumstances change, your health insurance policy should reflect today's needs and conditions. |