They might assume that only the older generations and financially sound can afford it. Thinking you'll never be ill is a horrible health plan. This article will explain why health insurance is so important.
Take advantage of an employee wellness program, if offered, and save money on health insurance. Many companies offer benefits for those who choose to make important lifestyle changes. You might be able to take exercise classes that lower the employer's insurance costs, and some of that savings is passed on to you.
When time for open enrollment occurs, you need to reevaluate your health insurance policy. What worked for you in the past might now be inadequate, especially if your health has changed or you need to add someone to your coverage. Open enrollment is also the time to make changes to dental and vision insurance coverage if your employer offers that.
It is important to plan for the higher cost of an individual policy versus a group policy often offered by employers. Make compromises by settling for higher deductibles or less coverage. Compare the premiums, deductibles and coverage of multiple providers.
One way you can monetarily save on health insurance premiums is to choose catastrophic coverage instead of comprehensive. Unlike comprehensive insurance, catastrophic coverage has less coverage for routine care, and will only cover "big ticket" costs.
Check the state and federal tax guidelines to determine which medical costs can be deducted on your tax return. Not everyone knows that premiums are deductions. The cost of covering your deductible, co-pays and prescriptions are also tax deductions. State and federal taxes can differ, so double check the guidelines.
This article is meant to assist you in thinking about health insurance. Having health insurance could save your life, that is why it is good to get it before it is too late. It is much better to take heed and to prepare. Your insurance premiums may seem expensive, but a trip to the hospital can cost you a fortune.
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