There are several ways to make health insurance more affordable:
A major consideration for most folks is affordability. Health insurance often represents a substantial portion of their budget. By selecting a plan design that emphasizes catastrophic protection over smaller “copay” expenses, a significant savings in premium is the result. Typically, an HSA type plan will do this for you.
The savings can partially fund an HSA savings account, or be used to provide other benefits. One thing is for certain; once you give premium dollars to any health insurance company, they are GONE.
Maybe you will have the claims that are paid, maybe you won’t, but, by “self-insuring” for the smaller claims, the premium savings are yours to keep in the years without claims.
In the occasional year when significant claims occur, the qualified high-deductible health plan in conjunction with an HSA savings account is still the most desirable, as the maximum “out-of-pocket” is limited to the plan Deductible and Coinsurance, if any.
The “copay plan would have a deductible, plus coinsurance, PLUS an unlimited number of copays that may drive the out-of-pocket costs higher and higher for every drug filled, every doctor visit, and any and all outpatient tests, and so on with no cap.
You can start by getting quotes.
Then, compare the different plans and ask questions.
Next, apply online!
