March 02, 2011 11:39 ET
Combat Increasing Health Insurance Costs With Tips From GoHealthInsurance.com
Struggling With Health Insurance Costs? GoHealth Experts Offer Tips to Fight Rising Health Insurance Rates for Individuals and Employees
CHICAGO, IL--(Marketwire - March 2, 2011) - As people continue to struggle making ends meet in this tough economy, everyone is trying to save money. To help consumers save, GoHealth experts explain how to off-set rising health insurance costs and get the most for their health care dollars.
"At GoHealthInsurance we strive to provide health insurance solutions, but we can't lower the cost of individual coverage since it's set by law. Health insurance rates are rising for employees on group plans and consumers in the individual health insurance market, but there are things that consumers can try to reduce these costs," said Mark Colwell, Manager of Consumer Marketing at GoHealthInsurance.com.
GoHealthInsurance recommends the following tips to save money on health insurance:
- Choose a high deductible health plan for its lower monthly premiums, also making sure that the deductible can be realistically met if necessary. This will lower monthly insurance costs and can be paired with a Health Savings Account (HSA). HSAs provide tax-free benefits and allow consumers to save money for health expenses to manage the high deductible plan and pay for services the plan doesn't cover. These funds roll over every year, collect interest and won't expire.
- Talk to a health insurance advisor once a year to make sure you're getting the best deal. The financial and health care needs of individuals and families can change fast and a quick meeting with an advisor ensures those changing needs are met.
- Don't assume that a group health insurance plan provides better coverage than an individual policy. Depending on the average age and the health status of the company, an individual policy can provide customizable benefits at an affordable price.