How to get find Affordable Health Insurance?
If you’re waiting on the government to provide you with more affordable health insurance, you’ll be waiting a long time. We might have a new president, but it’s still the same government that takes years to cut through the red tape.
There is good news. You can find more affordable health insurance on your own.
Step 1: Don’t assume your current insurance is the best you can get.
This is especially true if your insurance is provided through your work. Many people become lazy and assume they can’t find cheaper health insurance premiums. Not only are there cheaper options available, you can also find better coverage. So don’t settle for what you have.
Step 2: Talk with a professional.
Don’t just look for insurance options on the internet; call a professional health insurance agent. Talking with an actual human can be more helpful than trying to figure out all those confusing online forms. Plus, a professional can actually help you decide which type of insurance will best meet your needs. Just be sure the agent you talk to can show you competitive rates. The more options you have, the more you can save.
Best of all, a health insurance agent does most of the work for you. All you do is tell the agent your needs, and he or she will start searching for health insurance that meets your requirements. All it takes is a simple phone call to get this process started.
Judy, one of Dave’s listeners, contacted her health insurance Endorsed Local Provider and told us about her recent experience:
“My husband’s health insurance rate had gotten out of hand. Your health insurance ELP will save me $190 a month! And I still have the same coverage. Thanks for all the help!”
Get a catastrophic health care plan
We can all agree that “catastrophic” doesn’t sound all that inviting, but these plans are actually a lot less apocalyptic than they sound. For the exclusive under-30 crowd (or people with a hardship exemption), catastrophic plans are low-cost, high-deductible plans that are an easy way to make insurance affordable.
The deductible on catastrophic plans are equal to the plan’s out-of-pocket max. That means that while you’re paying most of the routine costs yourself, you’re also protected from worst-case scenarios that would normally be, to say the least, a financial hardship.
Even if you don’t qualify for a catastrophic plan, if you’re healthy and usually don’t go to the doctor for more than a routine checkup, you should still shop for plans with low premiums and high deductibles. You’ll pay more when you do go, but you’ll more than likely make up the difference with the lower premium.
There’s no need to wait around on Uncle Sam—he can’t help you anyway. Only you know what’s best for you and your family.