Looking for ways to reduce health care costs? For many years, netQuote has connected visitors with the largest network of national and local insurance agents from the nation's top health insurance companies. Just tell us about your individual health insurance needs, and we'll make sure you receive multiple healthcare quotes based on the information you provide.
Health care and health insurance costs are on the rise − it takes just a few minutes to learn what you need and get health insurance quotes. You'll be able to understand health insurance better when you use our resources and read our articles. If you already know a lot about medical insurance, then use netQuote to find out how you can save on health insurance and ways to shop for health insurance.
When you get your multiple health care insurance quotes, how do you compare quotes to find the best insurance policy for you? Do you decide on the less expensive health insurance policy or more complete coverage? Let netQuote help you choose your health insurance.
Learn more about health insurance
An individual medical policy can be both confusing and expensive, and if you don't understand what you and your family need, you run the risk of paying too much for your health care or not getting enough coverage to protect your family.
NetQuote helps you understand the differences in medical plans, what can cost you more, and where you might be able to save money. Find out some basics right here or go more in-depth with netQuotes articles, FAQs, calculators and more.
How to save money on a health insurance plan
Saving money on health insurance begins with you. You have to know the state of your own health and that of all of your family members. This will help you determine what kind of coverage you need and how much you are willing to spend. Do you have doctors already that know you and any conditions you may be dealing with?
CHECK OUT: Compare Insurance Rates in Your City
That can determine what kind of plan you go with. Most medical policies fall into a PPO (preferred provider organization) or an HMO (health maintenance organization). A PPO tends to have higher premiums because it provides a broader network of providers. In recent years an HSA or Health Savings Account have become very popular options to add on to your health insurance plan. An HSA allows you set aside pre-tax income that can typically used to cover an array of healthcare costs, including deductibles, but typically not premium payments. Depending on the type of HSA you select you may be able to roll over your balance from one year to the next, or you may be able to withdraw unspent money at the end of the year.
If you are not attached to a specific doctor, you can save money with an HMO, though you won't be able to branch out of your network. In 2020 many states have large hospital networks that also operate as health insurance networks, so depending on where you live the largest or most affordable health insurance options may only allow you to select a doctor within a few select hospitals. This is why when selecting a health insurance plan you make sure to check the hospital networks in your area that your carrier operates with.
If the majority of your health care usually involves seeing your doctor once for a yearly checkup because you are young and healthy, you may be able to save on your premiums by raising your deductible. This will lower your premium, but does mean a larger out-of-pocket expense if you need unexpected medical care.
You can also save money if there are certain services you feel you don't need coverage for. Not everyone needs maternity coverage and those brand name prescription drugs are often a lot more expensive than their generic alternative.
Where you shouldn't cut health care costs
If you are planning on having children in the near future, maternity coverage is one type of coverage you don't want to cut, even if it's not an immediate consideration. Why? Because once you are already pregnant, it will be much harder to get a company to cover you and you'll end up footing the bill yourself.
Last but not least, not having a medical plan is one way to avoid monthly premiums, but you put your physical and financial health at high risk by doing so. While it may save you money in the short run, accidents do happen, and hospital bills add up into the thousands very fast. This is one cost you don't want to cut. There are affordable medical plans out there. Let netQuote help you enroll in health coverage today!
See how much you could save today on your health insurance. Get your free health insurance quotes today!