How To Get Cheaper Health Insurance

1 of 9
Click ‘Next’ to View Gallery

One of the old sayings about when life gets tough is, “Well, at least you have your health”. But, keeping that most basic of assets has a lot to do with your own health choices. When it comes to purchasing health insurance, this is one time that you do not want to impulse-buy. Taking the time to gather information and make sound choices isn’t easy but, checking out these tips on how to get cheaper health insurance, is.
Source: Pinterest
How To Get Cheap Health Insurance

Understand your alternatives to buying individual health insurance. The first thing to determine is whether you need to buy health insurance in the first place. Depending on which state you live in and what your income is, you might qualify for Medicaid. You can contact your nearest Medicaid office, or go to Healthcare.gov to determine if you’re eligible.
Source: Pinterest
How To Get Cheap Health Insurance

Know what you need and can afford. Once you figure out whether or not the last tip applies to you, the next most important step in finding cheap health insurance is to determine exactly what you need in terms of coverage and what you can afford. If you buy more coverage than you need, you’ll also be spending more than you need to. And as to knowing what you can afford, well, you can’t spend money that you don’t have. Right?
Source: Pinterest
How To Get Cheap Health Insurance

Go to Healthcare.gov. Whatever your opinion of the Affordable Care Act (ACA) is, the information you can get from this website is invaluable. There are checklists and breakdowns of complicated insurance terms to get you started on the right path. Let’s face it, when it comes to health insurance coverage decisions, we need all the help (and information) we can get.
Source: Pinterest
How To Get Cheap Health Insurance

Compare costs. Yes, all of them. Here is where it can get trickier. Using Healthcare.gov as a guiding tool, you can compare costs and get a lot closer to choosing what level of coverage you may need. Usually, these are separated into tiers labelled Bronze, Silver, Gold, or Platinum plans. But, beware of unnecessary costs. After comparing, you may find that a Gold plan actually saves you more money (in the long run) than a Bronze plan.
Source: Pinterest
How To Get Cheap Health Insurance

Shop elsewhere. After Healthcare.gov, your best bet is to go to an online health insurance broker. There are many to choose from so, do a little research on which is most trusted. There you can get information on thousands of plans available to you. Another alternative is to go directly to a health insurers’ websites. Many allow you to obtain quotes online. This might be most helpful when you know of insurers in your state who don’t show up on the online health insurance broker websites.
Source: Pinterest
How To Get Cheap Health Insurance

Compare costs (again). Yes, this step is quite necessary. With so many choices between the government insurance plans and the private market offerings, you will have to further whittle down in order to find out what works best for you. Could the cheapest health insurance for you be one for which you can’t get the federal subsidy? It’s possible. Depending on your medical costs, an off-exchange plan with a very high deductible could be the least expensive alternative for you.
Source: Pinterest
How To Get Cheap Health Insurance

Pick the plan that best meets your needs. If you’ve done the legwork, by now, you’ll most likely be in the best position for a “final decision”. Keep in mind though, that every day can bring new life changes, which makes your health insurance fitness an ongoing concern. In a perfect world, this process would be simple. But, in a sea of legalese and fine print, you’ll be glad you kept on swimming.
Source: Pinterest