Reducing health insurance costs?
Posted on May 31, 2008 under Insurance Information |I have health insurance through my employer with 80/20 coinsurance and a $1000 deductable. My employer pays 60% of the premium. Are there any changes I can make to reduce my out of pocket expenses?
May 31st, 2008 at 7:21 am
If you don't go to the doctor frequently or use RX drugs, then you should see if you can raise the deductible. 40% of the premium is paid by you. Reducing that number would be the smart thing to do.
May 31st, 2008 at 7:21 am
Get a suplemental insurance.
May 31st, 2008 at 7:21 am
see if this is the only plan offered by your company..
Next this is a very good plan and your employer paying 60 percent is alot better than most companies today.
You can buy various additional plans from insurance companies that cover some of the costs.
also see if they have a medical savings plan, where you can put money into a fund ( tax exempt) to pay your deductables and co-pay. It saves you the tax on your medical payments. It can also be used to pay for medical treatment that may not be covered by your health insurance like eye glasses or dental.