As if that wasn’t enough, the overwhelming majority of Americans without insurance are first-hand witnesses to the fact that health insurance is too costly.
The average middle-income family with individual coverage spends 22 percent on their health care. According to data from Agency for Healthcare Research and Quality, some people spend up to 50% of their household income for health coverage.
You can save money by comparing insurance options and getting as many quotes as you can. There are other options. save money on health insuranceYou can, too.
These are five tips and tricks to help you save money on your health insurance
1. Do not give out any additional information if you receive a call from your insurance provider during an application process. You could be charged a higher premium if you reveal additional information.
2. It is important to understand your insurance policy, and you should review it whenever necessary. It is important to know exactly what services and costs you are covered. For example, visiting in-network doctors can help you save significant money. Before undergoing complex surgery or an assessment, make sure to ask the doctor and the insurance provider what coverage they offer.
3. Before you buy an individual policy, make sure to explore your options for group insurance. Although group insurance is cheaper than individual insurance, if your employer does not offer health insurance or you are self-employed, there may be other options. Coverage may be offered by special interest groups such as labor unions, fraternal or business organizations, student association, and other labor unions.
4. Consider reputable discount opportunities. Numerous states offer discount programs. The Medicare Prescription Discount Card and the Together Rx Access Card can both help save money on medication. A new consumer-driven movement, All Our Power, was created recently. It provides individuals with group buying power. The movement is growing as more people join it. www.allourpower.comAOP negotiates lower rates with insurance companies in order to protect its members.
5. Ask your doctor or hospital about cash payment. While many hospitals offer substantial discounts to patients who pay cash, it is likely that your insurance provider won’t tell you about this.
