Choice Enrollment Blog
It is an old saying — “Health is Wealth.” The most important step to maintain this wealth is to get a health insurance policy for you as well as your family. But, sometimes the premiums of such policies can leave you in and out of the budget situation. Can you really do something to bring down your premium? Read on to learn about the 5 quickest ways to lower your health insurance costs.
1. Adopt a healthy lifestyle
Living a healthy life has many benefits. Your healthy lifestyle can easily help you in bringing down the health insurance premium. Exercise regularly, eat healthy diet, avoid smoking and heavy drinking — and your visits to the doctor will surely be minimized. The healthier you are, the lesser you are represented as a risk for the insurance company.
2. Shop for the best available price
One of the best options to keep your premium lowest is to go out and shop around for the health care policy. This will ensure that you find the best available policy that fits in your budget. Do a thorough research with an agent licensed here in Colorado who knows the carriers before investing in any policy.
3. Choose a plan with higher deductibles
Insurance plans with higher deductibles tend to have lower premiums. The deductible is the amount you are expected to pay toward hospital, doctor, and other medical bills. Choosing a plan with a higher deductible may not be a universally applicable idea. If you’re generally healthy and do not fall ill very frequently, then it may be a good idea. This way you can keep your premium at a lower rate and avail basic health care facilities as well. But, if you have a history of some major consistent illness, it’s probably not a wise choice. If you work with Choice Enrollment we’ll do a thorough investigation to help you determine the deductible that will leave the most amount of money in your pocket.
4. Don’t Choose Coverage on the Premium Cost Alone
It’s hard not to jump on something that looks like a good deal but use caution. Just because a health insurance policy might cost less on a monthly basis it doesn’t mean you’ll save the most money by having it. Take into consideration all the medical expenses you’ll expect to have throughout the entire year and how well that policy will cover all your medical expenses in the future.
5. Work With an Independent Agent
If you call an insurance carrier directly, you’ll speak with a salesperson who can only offer you one type of product and that’s a surefire way to miss out on your best deal. It won’t cost you any more to work with an independent insurance agency instead. These agents represent several insurance carriers and can guide you to pick the right kind of health insurance policy and then plan your premiums at an affordable rate. Since independent agents will compete to get the business – you’ll get serious offers quickly.
To know more about how you can lower your Health Insurance contact our agency at (719) 481-1616 or click here to get a consultation.