Almost 17% of all U.S. families do not have health insurance coverage and of those who do have coverage, fully 50% admit that their monthly premium payment is a severe financial burden. As more and more businesses drop their group health plans the situation can only get worse.
Fortunately there are things that you can do right now to help lower the monthly cost of your health insurance.
For instance, if you have children 18 or younger who cannot get health coverage they (and possibly you) may be eligible for a low-cost state-sponsored program. Every state now has a program to help insure the health of as many of its children as it possibly can. Simply enter the name of your state followed by the words Health Insurance into any search engine and you will find a website with additional information.
State-sponsored low-cost insurance for children is wonderful, but while we are waiting for similar relief for the estimated 48 million Americans now without any form of health insurance here are 5 things that most Americans can do today to help make health insurance more affordable.
By combining all 5 of the following tips you can greatly enhance your health insurance savings, but if even only one of the following tips applies to your particular situation you can still save hundreds or even thousands of dollars annually on your health insurance.
Along the same lines are Health Savings Accounts. Basically a Health Savings Account allows you to save a certain amount of pre-tax (in other words, tax-free) money each year in a special savings account. Out of this account you will buy a high-deductible insurance policy plus you can pay for doctor's office visits, emergency treatments, hospital stays, prescriptions and a variety of other medical needs – all with tax-exempt funds. One of the beauties of these accounts is that any money that is not used one year can be rolled over into the next year, allowing you to build up a large account over time – all tax-free. Such accounts must be set up through a tax accountant or an insurance agent, either of whom can supply additional information.
So there you go. There are 5 things most people can do to reduce the burdensome cost of health insurance. Of course there are many other steps you can take, such as maintaining a healthy life-style, cutting out fast food and greasy French fries, possibly looking into joining an HMO or a PPO, taking advantage of toll free medical hotlines set up by state and federal governments as well as local clinics, and checking with your agent to see if a home-based business might qualify for group insurance rates even if it has no employees – and if you are able to buy group health insurance through a home-based business ask your tax man if the premiums you pay are tax deductible!
As mentioned earlier there is no limit to the number of tips and suggestions that you can add together, multiplying your savings with each addition, but even if only one of these suggestions makes sense to you the amount you save could be substantial.
The final thing you can do is to get online and find a minimum of 3 out of the dozens of websites that are dedicated to finding you the best price for health insurance in your state. Using the tips you have gotten from this article create a health insurance plan that you feel would be suitable for your situation and which will save you money. Then compare the price of that plan on 3 different websites, so you can feel assured that you are seeing the prices from virtually every insurance company in your state.
Now all you need to do is to pick the best price from an insurance company that you feel comfortable with and there you have it! You have now gotten the best price you can for the health insurance policy you want.
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Wellness, Fitness, and Diet – Are They Enough?
Physical and mental wellness, as well as physical fitness and incorporating a healthy diet into our lives, are goals for many of us. We want to be healthy, and by focusing on our diets and fitness – eating healthy foods, exercising regularly, and effectively managing stress – we can obtain overall wellness.
Yet, focusing on wellness, fitness, and diet isn’t always enough to keep us 100 percent healthy. Sometimes we’re burdened with health conditions that are literally beyond our control. Diabetes, cancer, AIDS – these are all health conditions that we can be born with, and while focusing on our wellness, fitness, and diet can help control the negative and potentially fatal effects of these health conditions, it can’t get rid of them altogether.
When it comes to our wellness, fitness, and diet, sometimes we need a little extra help. This is where health insurance comes into the picture. We can eat healthy foods, exercise regularly, and manage our stress properly, but sometimes those things aren’t enough. If we have a certain kind of health condition, we need certain kinds of medical attention – medical attention that can be provided by health insurance.
For example, it’s especially important for people with diabetes to pay close attention to their diets. Having too much, or too little, sugar in the body can cause dangerous consequences. Yet, eating a proper diet isn’t always enough to maintain sugar levels in the body. Sometimes people with diabetes also need to have daily insulin injections, as well as a method of checking their blood sugar levels. By having adequate health insurance, people with diabetes can have financial help when it comes to covering the costs of what wellness, fitness, and diet won’t cover alone.
Don’t rely on wellness, fitness, and diet alone – make sure you have adequate health insurance. At the same time, don’t neglect your wellness, fitness, and leave the care of health conditions up to your health insurance.
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