Are you like me, where you are always trying to find the best deal on anything that you buy? Do you look and shop around before purchasing that car, tv or even groceries? I do. So how can you do the same thing while looking for
Go with a HDHP/HSA Plan
What is and HDHP/HSA plan you might ask. It is a plan that offers you discounts on your treatments prior to you meeting your deductible, and then covers everything after. One great thing they do cover prior to you meeting your deductible is your annual wellness visits. They are also used with a savings account that allows you to lower your taxable income when you use them. These plans are not for everyone, but for those who use them, can save some serious money.
Go with A Higher Deductible
Did you know that insurance companies think that when you go with a very low deductible, that you are going to use the insurance often and increase your premiums accordingly? Choosing a plan with a higher deductible can save the average family $1,500 or more.
Get Rid of the Co-Pays
Do you go to the doctor every month? If not, then why should you pay for it with a higher monthly premium? By just not having a copay, you can save over 20% off your monthly premium. On the average family plan, that can be over $100 a month.
Shop and Compare
Do you know who the five main carriers in Utah are? Did you know that they each offer about 12 plans each? That’s over 60 plans on the market. That means that you have a great selection of plans to choose from and it is a big mistake to think that similar plans have similar price. So make sure you compare all of the carriers and all of their plans to see if one is better for you than another.
Check out how your current plans compare to others annually
Every year when you receive your renewal notice and you possibly received a rate increase, you should double check to make sure that there is not a similar plan out there for less money.One of the dirty little secrets in insurance is that some years, certain companies target a state to gain more business and lower there rates to be more competitive than others. It always makes sense to double check every year.
Source by Dan Hauser