Featured Article

Navigation

 

Alternative Low Cost Health Insurance - Staying On Top Of It

 

 

 

Some things in life are taken for granted and the privilege of having health insurance may be one of them. Employers have to give their employees some kind of benefit program in their overall compensation package. The employee expects it and enjoys the security of having good health insurance. Everything changes when the employee leaves the employer. Insurance decisions have to be made. No one can escape from this process. The employee soon finds the cost to continue the insurance to be much more than expected and they start scrambling for alternatives. Are there alternatives? What can be done to reduce the cost?

There has been a major shift in thinking by the insurance buying public over alternatives to lowering the cost of health insurance. Low deductibles are a thing of the past. It has taken some time to change the thinking about having low deductibles. Low deductibles mean less out of pocket expense. It works the opposite in today's market for health insurance. The premiums paid for lower deductibles are so high that it no longer makes sense to have them. The higher deductibles reduce the premium dramatically. There are deductibles as large as $5000 in some health insurance plans.

Two Alternatives

1. Take the highest deductible that you can afford. This is called self-insuring. You are insuring yourself for the deductible amount in exchange for a lower premium.

2. Start a Health Savings Account. This is a savings account that is used for medical expenses only. This is a fantastic way of putting money aside for the out of pocket deductible amount and any additional medical expense. The best part about it is that the health savings account is tax deductible. See your tax advisor or accountant on how to set up this plan.

Insurance is a great place to start to lower your monthly bills. We hope that this will help you analyze your next quote. Please refer to our recommended source for insurance quotes of all types.

About the author:

Our recommended quote sites Health Insurance Quote, Low Cost Auto Insurance Quote, Home Owners Insurance Quote

Written by: Greg Haehl

 

  

Google
 
Web www.lifeinsurance.infoandarticles.com

Home

 

 

 

List of Articles

 

 

Recent Articles


Buying Life Insurance: A Shopping Checklist
When shopping for term life insurance, you want to find the right amount of insurance coverage at a reasonable price with a company you can trust. But for many people, getting started is the hardest part. That's where the following Life Insurance...

Life insurance: why there’s no need to be a desperate housewife.
Contemplating what may happen to your wife (or husband) and children if you die is not likely to be a thought you wish to contemplate. However, avoiding the issue may make life more difficult for your family after your death. Life insurance...

Using Your Life Settlement To Do Some Good
We are generally in very different positions, both financially and emotionally, when we first buy a life insurance policy. Now perhaps we bought the policy as an investment, to provide financial security, or because it was a condition of a...

 

 

 


lifeinsurance.infoandarticles.com   |   This is a Personal & Business Success site  |   Life Insurance Books