Ways to Save on Health Insurance Premiums
Health insurance is indeed a great peace of mind. Still a person with limited income sometimes finds it quite cumbersome to pay its premiums. It’s a big question before everyone regarding how to reduce the cost of health insurance. But if you look around carefully, you will find many ways with which you can do that, such as Health Insurance With No Deductibles offered by US Health Advisors. Let’s take a look.
Check Your Eligibility for Tax Credit Subsidy
If you purchase your own health insurance, the government may help you paying for it. Your monthly premium amount may be lowered due to the Advanced Premium Tax Credit subsidy. At the time of filing your taxes, you will have to fill a 1095 form. If you get an Advanced Premium Tax Credit (APTC) you can claim tax credit with this information or report your already used credit on your tax return.
Prefer a HMO
If you choose a Preferred Provider Organization (PPO) plan, you are able to visit the doctors you want without any referral, for most services in and out of network, but still be covered. This freedom comes at higher premiums.
But if you prefer a Health Maintenance Organization (HMO) plan, there is only one primary care physician who manages your care. If you want to visit a specialist, you will need a referral from that physician, and you won’t have out-of-network coverage barring in an emergency. Therefore, HMO reduces your healthcare costs.
Plan with a Health Savings Account
HSA or Health Savings Account is an account that pays for medical expenses. Because of this account, you can save on taxes because the money you deposit and withdraw is either tax-deductible or tax-free.
Health Insurance With No Deductibles by US Health Advisors
US Health Advisors offers flexible, affordable and customizable insurance coverage that works 24 hours, whether you are on or off the job. They offer critical illness insurance, short term accident disability insurance, excess medical accident insurance, as well as life insurance. You can also lock in your rates for up to 3 years. Visit their sites for more information and you can definitely save a considerable amount on your health insurance.
Thus, if you do a little research you will find many ways to save on your health insurance, which will give you freedom from money problems and protection in health problems.