4 Tips to Help You Save Money With Health Insurance

4 Tips to Help You Save Money With Health Insurance


It is important to have a health insurance policy as it provides you and your family with the necessary protection when facing medical problems. In fact, having a health insurance policy helps avoid huge medical bills. Despite the importance of a health insurance policy, more than 47 million Americans are not insured.

 A main reason for their not getting a health insurance policy is the high cost of its premiums. However if you are thinking of getting a health insurance policy, but are hesitant because of its large premium amounts, the good news is that these tips can help reduce your insurance premiums and all its related healthcare expenses.

Opt for a higher health insurance deductible

 Though it is not possible to do this with all health insurance policies, with a high deductible, you can save hundreds or thousands of dollars per year. However if you opt for this, make sure your emergency fund or health savings account has the necessary funds to pay the deductible, if necessary.

Buy generic drugs where possible

 There are many drugs that are available in generic form, and cost less than half the rate of its brand version. Moreover, major retailers like Walgreens, Target and Costco also offer $4 prescriptions and some of them, free antibiotics.

Try using health clinics

 Health clinics are great for health examinations, and also help you save some money in your prescriptions. You can save a sizable amount by going to the university health clinic. Supposing you were paying $30 per month for prescriptions in your previous health insurance policy, if you go to the university health clinic, you only have to pay $40 for three months' medication.

 This way you stand to save as much as $240 a year just by visiting health clinics for your examinations. So to save on your health insurance premium, check with the local health department to find out about any such health clinics you can use in your locality.

Consider private health insurance

 It is not always that your employer gives you the best deal available on health insurance. With the help of a good online tool, you will be able to shop around and compare the rates and policies offered by different private health insurance companies.

 While searching, you may find some better policies that seem to be much more affordable for you. Moreover, if you are lucky, you may also qualify for a state run health insurance program, which can also help reduce your health insurance costs.

 So you now have four helpful and effective tips that will effectively help you save money while buying health insurance policies, and thus save on your medical care expenses. Though many people try to cut down costs and save money through their health insurance policies, it doesn't imply that you have to sacrifice the quality of the healthcare you receive in the process.

 Just follow and use these tips and you too will be a consumer who can get a health insurance policy at an affordable rate and affordable monthly premiums.


Insurance: A Guide

"Remember kids, I have life insurance" - Adam Savage

This is a guest article from Tatyana Levin

These days one must be financially savvy. Money is not easy to come by and should be managed carefully. With the availability of tools that make it easy to keep track of current events, the stock market, and even your own money, it would be almost a crime to not utilize these tools to make the best and most informed financial decisions. Unfortunately, the more there is, the more there is to keep track of. This applies both to tracking tools and money (the small curse within the comfort of having money to keep track of).

 The savvier ones of us dabble in investments, and the savviest make their living that way. The key is that they know what to invest in. Not magically, of course; investors do a significant amount of research to learn how to optimize their portfolios, but they have the understanding.

A grossly overlooked investment is insurance. This may be because is not typically referred to as an investment with the exception of whole life insurance that has a specific investment component within it. Webster’s defines the word “invest” as a commitment of money for a return and “insurance” as a guarantee. This makes insurance the safest type of investment, because your returns are guaranteed.  But returns are not always financial in the case of insurance. They can be, if there is an unforeseen accident, but the most certain return is the feeling of security.

Now there are many different types of insurance, and what you need depends on your current situation. Obviously you only need auto insurance, found using auto insurance leads if you have a car, and you only need renter’s insurance if you rent and have possessions that you would need insured. Insurance is for those who have something to lose. With an attachment to something, either emotional of physical (or dependence, not like physically being glued to your car), comes the fear that it will be damaged or ruined in some way. For example, if your house caught on fire, you would be devastated. What would add insult to injury is not having a way to recover from this horrible disaster.

 These types of examples are not unique to this article. That is the way that insurance is sold. As they say that clichés are clichés for a reason, insurance is promoted this way for a reason.  The foundation of the concept of insurance is uncertainty, and it is the same uncertainty that is conjured up when investing.

The main difference between insurance and investment is that not having insurance creates a feeling of uncertainty while investments by nature are uncertain. Therefore, investing in insurance creates security and is the only secure investment that exists (and is legal). Getting insurance should be one of the easier financial tasks if you apply all the resources available with technological advances like smart phones.

About the Author: This article was written by Tatyana Levin, a copywriter for InsuranceFiles.com