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How to Save Up to 70% on Health
Insurance Premiums
by Ryan Orrell
Are you tired of paying too much for health insurance premiums?
Only 5 or 6 years ago health insurance seemed very affordable with
fantastic coverage to match. Well, if you’re an individual
or family who pays for health insurance today chances are you’re
literally getting punched in the pocket book, and it hurts. Dramatically
health insurance has changed over the last five years and this article
will no doubt arm you with the knowledge you need to get the most
out of your next health insurance plan. First, an individual or
family needs to identify with what they need out of a health plan.
Notice I say need, because unless you make more money than you know
what to do with there is no way in the world most people can afford
the "Perfect" plan with all the bells and whistles.
Do you need a doctors office co pay? Most people don’t realize
this will save you up to 30% with some companies by cutting this
benefit out of your health insurance plan. Doctors continually raise
their fees for visits and most of the time the consumer will go
much faster to the doctor if he or she has a $10 co pay as opposed
to paying the $50 the doctor may charge. Insurance companies pay
millions for these fees and trust me, after the first 12 months
of your plan being in effect you’re the one who will be paying
by a huge increase in your premium. I’ve seen insurance plans
go up 79% after the first twelve months. Totally ridiculous. The
consumers cannot afford this.
Another huge problem is prescription drug cards. I really can’t
see where the consumer wins here either. Don’t get me wrong,
if you’re on an employer sponsored group health insurance plan
your probably getting a good deal but I can assure you that your
company is paying out the nose for the coverage you’ve come
to love. I talk to people weekly who literally work for their health
insurance coverage. If you can do without a prescription drug plan
I would. It can generally save you 20 to 40% off your premium by
not having this benefit.
Consumers usually pay 500 to 700 dollars a year for this benefit
alone while the average family who can qualify for individual or
family medical plans don’t spend near this amount of money.
And, once again when you finally use your card the insurance company
will generally offset the cost at your renewal date by raising your
health insurance premium. Cut out these things and go with a deductible
of $1,000 or higher and you will definitely save yourself money
both in the short and long term. Most of us can pay for the occasional
doctor visit and prescription rather than giving our money up front
to the Insurance Company. Just a little food for thought.
About the author:
Ryan Orrell has been a specialist in the field of health insurance
since 1996 counseling hundreds of individuals and families on policies
which may be right for them. Ryan is president of http://www.quotemonster.com,
an online shopping service designed to help individuals and families
find affordable health insurance plans..
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