We all know that health insurance is important, but it is an expense that many people hesitate to take on when the economy is still in such rough shape. More people than ever have questions about how they can get the health care coverage that they need at a price that they can afford. Here are a few tips to keep in mind as you decide on the best policy for you and your family.
When shopping for Health Insurance in New Jersey make sure to take a good look at all the plans each carrier offers and get a policy based on what you will need and will use rather than what you can afford. For example, if you are young and don’t take any medications regularly, is it worth it to pay for a drug card that you don’t get use of all the time? Most pharmacies offer their own prescription plans and they fill many of the most common prescription drugs for just a few dollars for a whole month’s supply.
Another way to reduce your monthly premiums on Health Insurance in New Jersey is to go with a plan that has a higher deductible. A higher deductible means more out of pocket expense if an emergency happens and you need to use it, but it can save you quite a bit per month. If you get in an accident or become ill and can’t afford the deductible, however, having a high one may defeat the purpose.
If you do decide to go with the high deductible plan, you might want to make sure that the plan is compatible with a Health Savings Account (H.S.A.). With an H.S.A. you can put money in your account to use for tax expenses and the money is pre tax. It can maximize the buying power of your dollar and the nice thing about an H.S.A. is that it rolls over from year to year, so you can save up and keep your deductible amount safe and available to you if you should need it.
If you would like to know more about choosing the right plan for you, click here for more info.
