We have all seen how healthcare insurances become more and more expensive. We are here to give you some tips on how to save money when choosing insurance. If you're not sure what to choose, iSelect is here to help you.
Do some research
Before deciding on one, you need to do some digging. After all, it's your health insurance we're talking about. You need to compare multiple plans. Take a look to see if they are actually what you need and what you want. It's best to get a broker to guide you in your way to your health insurance.
Get a higher deductible
We know this is a bit risky, but you don't know for sure when an accident could happen. However, if you are healthy and you don't go much to the doctor in a year, then you can increase your deductible, and get in exchange a lower premium. This will definitely save you a lot of money.
Get a health savings account
The health savings account health plan will surely save you some money. They are tax-deductible, which means that the money in your account will grow without any more taxes, and you can also withdraw them without paying fees. The best piece of advice is to keep adding to your account regularly, because you may never know when you need that money - in case something unexpected happens.
Choose the place where you will get care
When you get to the emergency room, you also lose some money. We all know that the ER should be our last place to go. It's best to take into account other places, too, like urgent care clinics or telemedicine. However, you need to do some research before, because prices vary from one facility to another.
FDA requires both over-the-counter generics and prescription will be identical in dose, safety, efficiency and strength. The generic version will save you up to 50%. If you are prescribed medicine for high cholesterol, a brand name will make you pay a lot of money, while a generic one - not so much. You can save a lot of money by doing this. Many drugs are expensive, and you don't really need them when you also have the generic version.
Get into a wellness incentive
There are some companies that will offer you a lower premium if you take part in a wellness challenge for preventative health. You might even get free coverage if you simply get through a certain number of steps, like, joining an incentive program.