Everyone has heard the old adage, “You are what you eat.” Well, that saying is still very true, even in today s economy. One of the best things you can do for yourself is to avoid spending money on junk food and anything else that is not good for you. This includes sugary drinks and other foods that are not good for you but will only make you gain weight. Here is a health insurance tip for the frugal:
Follow this rule of thumb when looking for cheap health insurance:
Tip Number 1: Get free quotes from at least three different health insurance companies. Use this to your advantage. When you search the marketplace for new coverage, you get an opportunity to see what each company has to offer. When you receive these quotes, be sure to look carefully at the coverage, cost and other factors. Getting at least three quotes will allow you to compare like for like when you are comparing different vendors and plans.
Tip Number 2: Try to limit your health insurance use to only one or two medical issues. If you spend more than your deductibles and premiums on medical care each month, you can really rack up a lot of interest charges on your bills. If you only use your insurance for those two things, it will take longer to pay off, and that means paying more in insurance charges in the long run. A better option would be to use a co-pay for doctor visits and preventative health care services.
Tip Number 3: Check if open enrollment health insurance coverage is going to cost you more than just your employer sponsored plan. There are many differences in price depending on the type of health insurance coverage. Some companies have larger deductibles. Also, some companies offer a large deductible, but then have lower monthly premiums. You need to make sure that the price you pay for health insurance coverage makes sense for you. Also, if you have an employer who offers a flexible spending account, that can really save you money in the long run.
Tip Number 4: Try and get as many different quotes as you can. If you are trying to find health insurance, be sure to check out several different places that offer you different rates. Also, remember to always look at open enrollment time periods to see if you can save even more money by enrolling then. Sometimes the rates increase for new enrollees during special time periods, so this can be a great tip to keep you motivated.
Tip Number 5: Don’t forget to comparison shop. Once you start looking for health insurance through the open enrollment process, you’ll probably find that there are many companies that also offer group health insurance plans. These are often less expensive and sometimes there are better discounts for multiple people who purchase private health insurance through the same employer. However, if you purchase private health insurance on your own, it is important that you compare rates with several different companies.