If you work alone and facing high health insurance bills, there are some things you can do to make your health insurance premiums cheaper once you find a good health insurance program. Some involve selecting certain beyond, others mean increasing the amount you will pay out of pocket for expenses. There are also discount health plans you can join which will offer lower cost for the services you use. All involve taking some risks to insure yourself into your own shoulders.
Increase Your Deductible to Save On Premiums - A deductible is the amount of money you will pay out of pocket before your insurance company takes over payments on your bill. If your health insurance, including deductibles (not a co-payment), you often can make your monthly premium is more expensive by increasing the amount of your deductible. Although you will pay more out of pocket if something does not happen, it's much more affordable than going without health insurance because you can not afford to pay monthly premiums.
Pay your annual premium for Big Discount - If the overall savings goal, you often can get the cheapest rates on your health insurance by paying for a full year at a time. Most health insurance companies will substantially discount your health insurance premiums if you pay all at once.
Open a Medical Savings Account - MSA is the way the government helps to make health care more affordable for people who work for themselves or in small businesses. A Medical Savings allows you to put a certain amount of your income into tax deferred savings account to cover the cost of medical expenses. By combining this with cheaper high-deductible insurance policy, you pay less tax on your income MSA, and use it to pay the deductible on your health insurance if it becomes necessary.
Take Your Health Insurance Deduction - If you filed your taxes, be sure to take your health insurance deduction. Even if you do not specify all costs, you can deduct up to 70% of your health insurance costs from your income when you file your taxes