These days more and more employers are starting to push the expense of medical insurance onto their employees. This can be a problem because most people’s premiums are continuing to rise, as costs are going up more than 10 percent. Then you have to include rising co-pays, premiums, deductibles and prescription drugs, which makes it difficult for some people to afford insurance. However, there are ways to lower the insurance cost and find affordable health insurance quotes.
One way to lower the overall monthly premium is to increase the deductible on the insurance. This isn’t always possible for some people or plans, but if you are normally healthy, this can save you hundreds of dollars, help you find affordable health insurance quotes and get you lower monthly premiums. However, if you increase the deductible, make sure to have a health savings account or an emergency fund to cover the high deductible.
Another way to save money is to use generic drugs. This will help you save hundreds of dollars a year. If you are married, you should look to see which spouse has better family coverage on their policy. It isn’t possible for both of you to have it, but make sure to look at the policies and see who offers the best coverage for kids. Sometimes you can split the coverage and put one child with one parent and the other child with the second parent.
You do need to keep in mind that employers won’t always offer the best deals on affordable medical insurance. You may want to shop around and see what other health insurance companies offer and find out if there is a policy that is more affordable. There are some employers that will pay you money for insurance if you find your own affordable health insurance quotes and policy.