The price of medical insurance in California is already high and it keeps increasing. This article will help you find ways to keep your premiums as low as possible. There are many different insurance companies that all want you to buy a policy from them. Some of their new plans can save you between 30% and 50% a month. The following 7 tips will help you find cheap health insurance in California.
# 1 - Get a Medical Benefits Specialist (Medical Insurance Agent)
There are lots of insurance agents out there. But not all of them focus exclusively on medical insurance. That's why getting a health benefits specialist can be so beneficial for you. They represent several different medical insurance providers and can give you a balanced view of each. Their pay is the same regardless of which insurance company you choose to go with. Their goal is to find you a good deal on medical insurance; the company you choose does not make a difference to them.
# 2 - Use an HSA (Health Savings Account) Plan
HSA's tend to save money over what you would normally spend on a traditional medical insurance plan. This is because these plans require that you pay any health care costs that do not reach your deductible. These costs are discounted by in network medical providers. The medical insurance company pays any expenses over the deductible. Deductibles are often waived on preventative care procedures.
#3 - Increase Your Deductible
It is most people's tendency to choose the lowest deductible possible when shopping for medical insurance. This, however, will make your premiums go up. Most families can expect to save significantly by increasing their deductible.
#4 - Drop Your Co-Pay
If you do not visit the doctor's office very often, plans that do not cover doctor office visits are usually less expensive than plans that do. Some insurance companies now offer plans without any co-pays. Doctor's visits, though, are covered under these plans at a discounted rate that is roughly $15 to $25 higher than your co-pays would be.
# 5 - Comparison Shopping
California residents have to choose between, there are more than 350 different insurance plans on the market. Do not assume that just because two plans have similar coverage they will also cost the same; this is not true. Comparison-shopping will help you find a good price for medical insurance. http://www.besthealthcarerates.com/ will allow you to easily compare these plans side-by-side, making the selection process much easier.
# 6 - Review Your Policy Each Year
You can find new and lower premiums from insurance providers each year. The newest insurance plans come with the best rates which makes reviewing and changing your plan each year a great way to save on your medical insurance premiums.
# 7 - Choose Generic Only Prescription Coverage
Choosing a plan that only covers generic prescriptions is another great way to reduce your premiums. Many drugs have generic counterparts, so you should talk to your doctor about switching you to such medicines.
Hopefully, you will be able to use this information to help you find cheap medical insurance rates in California.