Raising Your Deductible To Afford Your Health Insurance Premiums

There are many different ways to go about reducing your health insurance premiums and one of the most popular ways is to increase your deductible. Many are reluctant to do so because they are afraid that they could wind up with an out of pocket expense that they can not afford. Missing and skipping health insurance premiums is worse as a lapse in your health insurance could wind up costing you much more than you ever imagined and if you need to increase your deductible to be able to make your payments on time then this may be a good option for you.

Health insurance even with a high deductible is much better than living without health insurance at all. After all, your health insurance does more than just pay your bills it also helps to reduce the amount of the medical bills that you will be required to pay, even those that are paid in order to meet your deductible.

Health insurance companies offer what they call reasonable and customary charges and basically this is a limit that they put on the price that medical facilities are allowed to charge for a certain set of services. Even if your doctor's bill says that he wants $70 for a specific test or visit the insurance company can reduce that bill to whatever price they think is reasonable for that service and in turn this can save you a lot of money.

Those out of pocket expenses can add up, but a legitimate and dependable insurance agency will make sure that those costs are at a minimum. Most health care providers will make sure to keep those out of pocket costs at a minimum and will allow you top make payments on certain services that will allow you to set up a health savings plan that will cost you less money in the long run and provide convenience.

Make sure you pay your bills when expected and don't allow your insurance to lapse. Raising your deductible is a good idea if you will not be using your health insurance very often but make sure you research the insurance companies as much as you can before making the decision.