With the rising costs of health care and the state of our economy, people are looking at ways to reduce their expenses. The following tips will help individuals reduce their insurance costs and decrease your exposure to financial loss due to accidental injury or critical illness:
- Don’t overpay for insurance. Shop around and get multiple quotes. Not all insurance plans are created equal.
- Don’t pay an insurance company for something you can afford to pay yourself. Insure yourself and family against catastrophic loss due to illness or injury. Don’t pay an insurance company to cover your runny noses and sore throats. Pay for those yourself out of your own pocket. Raise your deductible to an amount that you can afford, and reduce your monthly expense.
- Supplement your insurance to cover the larger deductible with a plan that pays cash for emergencies, accidents, and/or other critical illnesses.
By following these tips you can reduce your monthly premiums and increase your coverage.