Keeping Health Insurance Costs Down

In striving to reduce your insurance costs, remember that, as with all other forms of insurance, your premium is generally directly proportional to the amount of a particular coverage that you purchase; that is, the more comprehensive your coverage, the higher your premium will likely be. Likewise, the more coverage you purchase, the greater are the benefits you enjoy at the time of a claim.

In addition, while your health insurance premiums are not directly affected by your current health, doing all you can to maintain good health will have a positive affect on your health insurance and health care related costs.

Below are a few possibilities for keeping your health insurance costs down: 

• Limit your coverage
• Consider alternative forms of coverage: PPOs and HMOs
• Increase your deductible
• Increase your co-pay percentage
• Select higher pay out limits
• Open a medical savings account
• Safeguard your health

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