As you likely know, premium rates for health coverage vary depending on
your gender, your age, and of course if you choose a singles, couples,
or family plan. As a single person, you know how important it is to
manage your own finances well, and this involves getting the best deal
possible on your insurance coverage. It is, of course, easier to follow
the route of the employer-sponsored health plan, but is this the best
plan for you?
Cheap health insurance often involves you shopping around a bit, and this typically will require you to play around the the various deductible and copay options until you find the best option for you. Not everyone uses their coverage in the same way. Some people are constantly going to the doctor either because they are just sick more often than others or for the peace of mind of knowing they aren't incredibly sick when they do get a common cold or something similar. Other people, however, rarely go to the doctor. Some would rather tend to their mild ailments at home and only see a doctor when something major arises. Many do not even go to see their physician for an annual well-check.
For the first person in this scenario, it would be more affordable in the long-run to buy cheap health insurance with a low co-pay and a higher deductible. For the second person, cheap health insurance would be best found in a solution with a high co-pay and a low deductible. There is no right or wrong way to use your insurance, but there is a right and wrong way to buy it. Be sure not to lump yourself into a group plan unless that is the best option for you. Research the individual policies to make sure you have information on all of the options before you decide.
