One of the most important factors people consider in selecting the health insurance plans is the amount to be paid as premium. Although it is possible to think that low premiums tend to affect the quality of an insurance coverage. This is absolutely not the case, as there is a wide array of affordable health insurance plans today which also offer quality coverage. High insurance quote does not guarantee quality coverage. When you shop around, you would find a lot insurance providers with low premium quotes that when chosen will offer as good if not better coverage as high-premium insurance providers.
But even if you are able to secure a low premium quote, you still have your own personal axe to grind in the matter. Insurers charge you based on your health conditions and its financial implications in terms of how much is being required to insure you. This is why you need to be mindful of some basic things that will help you lower your insurance costs. But how do you do this? If your health insurance bills are high and you are looking for how you can lower them, this article is out to clarify some things you can do in order to narrow down your insurance costs.
Watch your health
You need to stay healthy in order to control your health insurance costs. Watch your weight, cholesterol, blood pressure and other aspect of your health conditions. When you notice some symptoms, make sure you get diagnosed on time so as to avoid the situation getting worse. Ensure a routine medical checkup, immunization and diagnostic tests. Stay away from self-medication and drug addiction. Stop smoking or try to reduce it to barest minimum. Some health insurers pay for smoking-cessation programs, but quitting it totally will make a substantial savings. All this will prevent you from growing terminal diseases that might make you incur huge medical bills. Prevention they say is better than cure.
Buy up your deductible
In a health insurance plan, the more you pay out of pocket the less you will have to pay in premiums. By buoying up your deductibles you will be able to pay lower premiums.
Choose an in-network medical specialist
There are occasions when the doctor you like and the lab he works with are already in-network, considering an HMO can also be as good as a PPO by offering low premiums. It has been proved that networks provide substantial savings on health care as they negotiate lower rates which will in essence bring about substantial savings on premiums.
Avoid Dangerous Exercises
Stay away from any dangerous hobby that poses a significant injury to your body such as skydiving, mountaineering and so on, all these are capable of supercharging your insurance premiums.
Open a Health Savings Account (HAS)
A Health Savings Account allows you to put a certain amount of your earnings into a tax-deferred savings account to cover the cost of medical expenses. This will also go a long way to help lower your insurance premium.
If the above points are well taken cognizance of, you will be able to match your health insurance premium to your budget.