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How To keep your health care and insurance affordable

Saving on your health care premium

According to the 2018 registration survey, 11.8 million individuals have signed up or renewed coverage. We’ve all heard different reports about how health care insurance  can change or change under Trumpcare, and it definitely makes people think twice about the future of health care plans and how to find affordable coverage, regardless of government plans. Over the last few years, we’ve learned that having access to a health care plan doesn’t automatically mean we’re getting the cheapest plan or the best plan. If you are like many, you may find rising health care costs troubling. Here are some of the best tips and tricks for seeking affordable health insurance, no matter what happens next. 

Lowering the cost of health insurance and providing affordable medical care

Healthcare costs are the number one cause of bankruptcy. Being sick and in need of medical care is bad enough, but if it is because of medical debt that you skip getting proper care, it is becoming increasingly important to find ways to reduce health insurance costs by finding affordable health services.

How to Find Good Insurance Plans

Irrespective of what the future of government health care plans is for us, there are some tried and true ways for you to save money on your health insurance costs and find health benefits that will work for you and your family.

Here are some strategies to help you meet your medical needs, no matter what the future may bring.

What is the Best Health Insurance Plan?

The type of health insurance you need can vary based on what stage you are in In Life and the needs of your family.

However, Lower Premiums may not be the most affordable option. You don’t want to judge the health plan by the price tag. Even though the first thing we want to know when we buy a contract is how much it will cost, the real answer to the question is not always straightforward. Depending on your financial status and family needs, the bottom line of your health insurance policy may not be the monthly premium you pay.

How much of a Health Care Premium will you get?

Reasonably priced healthcare premiums

You can get an idea of what kind of subsidy you qualify for using an Online Health Care Premium Calculator. It’s one thing to get an idea of what you’re going to apply for, but keep reading to really optimize how and where you can save.

Review all of your options before you buy. Before you buy a health plan, make sure that you fully consider all the choices available to you. For example, if you’re not married but have a domestic partner, find out whether you can get protected by their health plan. Laws have changed in the last few years, and you might have had choices that you didn’t know.

How a Broker who will Help you out

Besides having a comprehensive knowledge of the types of medical insurance plans available, they can also clarify key differences to you and help you find a plan that makes sense to you or your family.

They’re going to be in a position to clarify variations in styles of plans, such as HMO and PPO, so you don’t have to find it out on your own. A good health insurance broker will equate your needs to what you will get with your budget.3

In addition, when it comes to filing a health insurance claim, they’re there to support you and negotiate for the insurance provider for your needs, so you’re not left to sort it out on your own. Consulting with a broker is a smart way to figure out where you can save money and increase your profits. This is their work and something you’re meant to learn. They will support you every step of the way.

Manage Your Healthcare Costs: Check Medical Billings, Beware of Excess Billing

More money in your side by making wise insurance choices

Studies have shown that there is a high rate of error in medical billing. While you may not think this is your concern if you have health insurance, remember that you also pay a percentage of your medical expenses by copays, coin insurance, and deductibles.

When medical expenses go up, health insurance premiums go up. Increased premiums for health insurance providers are passed on to customers by premium rises in general. Checking your medical bills for mistakes will not only theoretically save you money on what you spend out of your pocket, but will help keep your overall health care costs down.

Resources and References:

• webMD
• AAPC