Free Health Insurance

Wouldn’t it be wonderful if everyone could have free health insurance? While in some parts of the world, this is the case, for us in the US, we still need to pay. And, though free on some very rare occasions, i.e. gift of an employer or government-issued, the majority of insurance plans do require the payment of a regular monthly premium, as well as, some additional out-of-pocket expenses like deductibles and co-pays.

That said, there are certainly ways to keep your costs down if you don't get free health insurance. If you want to minimize the payment of your monthly premium, opt for a high deductible plan. You will be responsible for medical costs that are under the amount of the deductible, but your monthly outlay of expenses will be minimal.

You might also consider a Health Savings Account (HSA). With recent changes in legislation relating to these accounts, the popularity of HAS accounts has dramatically surged. By choosing a high deductible plan that complements the HSA, you may find a way to achieve significant savings. Most find the tax-deductible feature of HSA accounts by which money deposited to cover healthcare costs is free of penalty fees, to be a sizable benefit.

The single best way to keep your insurance costs low is to purchase a plan through a group such as an employer or membership organization. People often get the best deals on health insurance through their place of employment. That is because insurance companies are willing to give better rates to larger groups of people. These plans are almost always less costly than those available to individuals. These days it is rare for a company to provide you with free health insurance by paying 100% of the monthly premiums.

While cost is always an important factor in a major purchase, make sure that you don’t trade quality for a few dollars. While your plan should be affordable, it should also provide you with coverage that is reputable and comprehensive. Make sure that your package includes coverage from a credible source, as well as, provisions that are most meaningful.