Go with a HDHP/HSA Plan
What is and HDHP/HSA plan you might ask. It is a plan that offers you discounts on your treatments prior to you meeting your deductible, and then covers everything after. One great thing they do cover prior to you meeting your deductible is your annual wellness visits. They are also used with a savings account that allows you to lower your taxable income when you use them. These plans are not for everyone, but for those who use them, can save some serious money.
Go with A Higher Deductible
Did you know that insurance companies think that when you go with a very low deductible, that you are going to use the insurance often and increase your premiums accordingly? Choosing a plan with a higher deductible can save the average family $1,500 or more.
Get Rid of the Co-Pays
Do you go to the doctor every month? If not, then why should you pay for it with a higher monthly premium? By just not having a copay, you can save over 20% off your monthly premium. On the average family plan, that can be over $100 a month.
Shop and Compare
Do you know who the five main carriers in Utah are? Did you know that they each offer about 12 plans each? That's over 60 plans on the market. That means that you have a great selection of plans to choose from and it is a big mistake to think that similar plans have similar price. So make sure you compare all of the carriers and all of their plans to see if one is better for you than another.
Check out how your current plans compare to others annually
Every year when you receive your renewal notice and you possibly received a rate increase, you should double check to make sure that there is not a similar plan out there for less money.One of the dirty little secrets in insurance is that some years, certain companies target a state to gain more business and lower there rates to be more competitive than others. It always makes sense to double check every year.
Use an Independent Health Insurance Agent
An independent health insurance agent specializes in only one thing. Health insurance. He will know what is the best plan for you, your family or your small business. They will be able to tell you who is best for your health situation as well as know which network your doctor is in. The best thing about them is that they are no cost to you. Whether you direct with the insurance company or hire a health insurance professional, you will pay the same premium since rates are set and cannot change by law. So why not use someone who know how to save you the most money but also find you the best plan?