A large number of people would agree, not having any type of health insurance would make life difficult. Finding and purchasing an affordable plan that meets your needs can seem like a huge problem. While you may have to make some sacrifices, there are ways to get decent health care that fits your budget.
Health Insurance
There are many options for the college graduate when it comes to choosing health insurance coverage. If you got a job right out of college, check the health insurance they offer. If you are younger than 26, you can still be covered by your parents, or you can research personal health insurance policies.
In order to save some cash on health insurance, find out if your company provides a wellness program for its employees. Many employers offer incentives for employees to have their health and lifestyles assessed. By signing up for a fitness program, you can reduce the cost of your health insurance and save money on your premiums.
Buying individual coverage typically costs more than the group insurance employers provide, so have your expectations set accordingly. You might find yourself forced to compromise on both coverage and deductible. Shop around, and compare plans to find the best rates and coverage.
Catastrophic coverage may save money on health insurance premiums, but comprehensive coverage will save money in the long run if you have any serious medical needs. Catastrophic coverage is for emergency visits and hospitalization, while comprehensive coverage help pay the cost of doctors visits, prescriptions and mental health care.
Health Insurance
Let your health insurance get you money back on your taxes! Lots of people don’t know that health insurance premiums are tax deductible. Additionally, all out-of-pocket medical expenses are tax-deductible. Federal and state taxes are different, so it’s best to check the guidelines.
You can save money by choosing generic drugs, no matter what kind of insurance you have. Studies confirm that no real drop-off in quality occurs when you go to a generic brand. Only in the few cases where there is no generic should you opt for the name brand.
Look over your health insurance policy in order to have knowledge about which prescriptions will be covered through it. The list changes yearly, so check when you re-enroll so that you won’t be surprised when filling a prescription.
Take note of your bills. Even with an insurance plan, you might find yourself having to pay expensive bills, especially if you have to buy prescription medication. A lot of doctors will not prescribe a generic version if you do not ask for it. Don’t hesitate to compare prices as well. Generic medication differs in price from location to location.
As far as insurance goes, health insurance is possibly the most important kind to have. With so many varieties of coverage and different policies available, it can be difficult to make sense of it all. Follow these tips to find the best policy and the best price possible.
