My health insurance policy is too expensive. What shall I do?

Answer 1

Change it. get a policy with lower premiums. And save up the money for higher deductibles. Try to be safe and healthy.

Answer 2

My advice: leave it as it is.
Why?
First of all, don't try to switch your policy just because it is expensive. What we truly need is a company who will pay us when we need the $$. Sometimes, premiums are cheap because the company doesn't pay up! Or, it will delay your payment by as long as 1 year.
Second, we don't buy insurance because it is cheap, we buy it because it suits our needs at the time we bought it. Unless you find another insurer who will offer you the same or better terms with the same or cheaper premiums, I'd say stick with the devil you know than the devil you don't.
Lastly, after considering the above points, if you would still like to go ahead and change policies, then I advise you to go for a medical check-up first. Sometimes we might not even know we are ill. So before you go and buy another insurance and before you are blacklisted by the entire industry, make sure you are in perfect health before you change policies.
Please do consult your servicing adviser before making any moves. That is the best thing to do.

Answer 3

You can look into a discount health card also. There are many available (some are not legit - so be careful!)
I use www.procardinternational.com and they are recogzied by the better business bureau. They have great plans that can help you cut your bills by 30%.
Don't cancel your insurance though, you never know when you WILL need it - and hospital bills can get out of hand EASILY without insurance!

Answer 4

Compare quotes from the best companies at http://help.cheap-insure.info/-swxuwQX363

RE My health insurance policy is too expensive. What shall I do?

#EANF#

Answer 5

I had this problem....

If you are healthy and don't go to the doctor much, I changed to a high deductible health plan with a health savings account. I now take the difference between my monthly budget for insurance ($65) and the new premium ($65) and put it into the HSA account.

What's best of all, I can now get tax advantages for all sorts of medical devices and treatments. Without an HSA, you can only deduct medical expenses if they exceed 7% of annual income. Now, I can deduct something around 2,700 a year from my taxes by contributing to the HSA.

If your health plan is employer sponsored, you might be able to get them to contribute directly to your HSA in lieu of the health insurance premium they pay to their group plan for you.

The best bank I found to have my HSA account with is actually in my town, Cattle National Bank & Trust in Lincoln, NE. They have accounts for people all over the country.

Answer 6

See if you can get a high deductible to cut the cost. Add a discount medical plan to keep the individual visits down. Then have a Healthcare spending account taken out pre-tax to help pay for the visits. As for a great discount plan check out www.EveryoneBenefits.com/Teenya
AmeriPlan USA is available nationwide and is with the Consumer Health Alliance and the Better Business Bureau. They have been around for 15 years. they have "set the standard" when it comes to true Consumer Driven Healthcare. All ongoing medical/dental conditions are included.

Answer 7

Michael W. has an excellent recommendation. I also have a high deductible and utilize a HSA. I also have the treating facility bill me directly as cash prices are often lower than insurance prices and then I file the billing with my insurance carrier. Definitely shop around! Good luck.

Answer 8

Help yourself - you can check your quotes in internet for example here - CHEAPTOINSURE.INFO

RE My health insurance policy is too expensive. What shall I do?

#EANF#

Answer 9

Cancel it, you're lucky a lot of people cant afford private health insurance

Answer 10

I cancelled mine and took out an personal accident insurance instead, which was much cheaper, I was glad I did, because I did have quite a serious accident.