Making sure you are properly covered in terms of life, auto and health insurance is an important part of financial planning. One of the hardest types of insurance to find, though, is affordable health insurance. Especially if you are self-employed, or if your employer does not offer benefits. Health insurance is fast becoming a luxury that many of us can’t afford. However, not having it can be even more financially devasting. One of the leading causes of bankruptcy in the U.S. is overwhelming medical bills. And if you have health insurance, it can help alleviate some of that expense.
Finding good, affordable health insurance
Really, one of the keys is to find a health insurance plan that works for you. Does it have the features you need? What about deductible? You should get a plan with the highest deductible you can afford to pay, so that your premiums are lower. Some of the best plans out there now are PPOs, which allow you to sign up to pay office co-pays for routine visits, but still have a deductible for other problems. It is a great way to keep your up front costs down for preventative care, without having to worry about whether you’ve “met your deductible.”
Make sure that you sign up for a health insurance plan that fits your specific needs by location. Because my in-laws live on the other side of the country, we signed up with a national plan that has care providers just about everywhere. If you rarely travel, state plans are usually good enough, and you can purchase special traveler’s health insurance when you do venture far away from home.
One of the best places to look for affordable health insurance is HealthInsurance.org. This Web site allows you to put in your ZIP code, and number of people in your family. Then, it pops up all of the plans available in your area. There are also ratings of each plan, so you can see how good it is. And, you can choose from a variety of deductibles and other options. You can even sign up through this health insurance Web site. As a self-employed person, I found this a very easy way to find affordable health insurance for my family. And, while I pay more per month than I did while part of the work force, $250 a month isn’t bad for an A- rated plan like I have through BlueCross BlueShield.