Affordable Health Insurance Creative Tips
Health Insurance: Less is More!
You may not think that two health insurance policies can be better and cheaper than one, but give me a chance to explain. Sometimes 2 policies can be cheaper than one, and they can also provide very comprehensive coverage.
Major Medical – High Deductibles
Consider major medical health insurance. We all know it is expensive, but a higher deductible plan can be a lot more affordable. It can also be easier to be accepted for one. And I have seen top insurers who even offer longer rate guarantees on them, and some come bundled with prescription coverage and doctor’s office copay features.
A $5k to $10k yearly deductible may seem very high. But consider saving hundreds every month on your premium bills. People who get rated up, because of a health condition, may save even more. For some people, a higher deductible health insurance plan may be the only affordable option.
Accident and Health Insurance Supplements
Next, consider a supplemental illness and accident policy to fit right under your deductible. These type of plans are usually fairly inexpensive, and provide cash in case of an accident or specified major illness. You can use this cash to help defray your deductible expenses, or provide for medical expenses that your major medical policy may not cover. You may also need the cash for extra expenses like transportation or meals out while a family member is being treated for an illness or injury.
You may find a package of sickness and accident protection, or you may need 2 different policies. You may also be able to buy this coverage from the same insurer who provides your basic health plan.
Get Help from an Experienced Agent
Health insurance is expensive, but an experienced health insurance agent can help tailor a plan that works for your family and fits in your budget. I would suggest finding an insurance agent that represents more than one company, rather than a captive insurance agent who is highly motivated to push one type of plan! You should have an opportunity to compare different types of health insurance policies.
