Easy Ways to Lower Your Health Insurance Costs Immediately
There is a lot of debate going on around the subject of health insurance costs in America today, and for many families, covering the cost of health care is a major concern. How can you make sure your family’s needs are met without breaking the bank on health insurance coverage? Here are a few quick and easy ways to save on your health insurance.
How to Lower Your Health Insurance
First, your lifestyle and habits make a big difference when insurance companies start calculating your premiums. Smokers, for instance, carry twice the risk of heart attack, stroke, lung cancer, emphysema and other respiratory illnesses than non-smokers do. For this reason, insurance companies charge much higher premiums to smokers. However, if you can prove you have been smoke-free for over a year, that will lower your risk and your premiums considerably. Regular exercise and healthy eating habits also weigh heavily in your favor. Some companies have been known to deny coverage to applicants who are dangerously overweight, as well.
Secondly, high deductibles also mean lower monthly premiums for you. Obviously you don’t want to set the premium so high that you are putting your family’s well-being at risk, but if you are young, in good health, and don’t feel you are at risk for an extended hospital stay, a high deductible might make sense for you. Of course, if you or someone in your family has a medical condition which might necessitate care in the near future, you should take that into consideration when choosing your deductible as well.
Finally, many consumers don’t realize that you can shop around for the best deal on health insurance, the same way that you would for life insurance or car insurance. Health insurance brokers will compete for your business and may even be able to get you a better deal than you would get on your own. It never hurts to compare plans before you choose the best health insurance plan for your needs.
Quick List of Ways to Save on Health Insurance
- Adjust to a more healthy lifestyle
- Avoid high-risk activities such as smoking or drinking heavily
- Lower your health insurance deductible with a less comprehensive plan if you don’t need it
- Exercise regularly
- Be aware of how predisposition to certain genetic diseases can affect your health insurance rates
- Shop around for the best health insurance rates