If you are in
need of a low cost health insurance
policy, there are a couple things
that you can do in order to lower
the costs. Unfortunately, neither
one of these options is very
pleasant, however, in the case of
having health insurance or not
having it at all, it's better to
have some protection. Here a two
things that you could do.
#1. Strip down
the coverage. This is what I meant
by hating to have to do, but some is
better than none. The object is to
strip down certain coverages by
reducing the amounts that your
insurance will cover within the
policy. For example, you could buy a
low cost health insurance policy
with rock bottom, minimum coverage.
This may mean that you won't have as
much coverage in the event of an
emergency that requires long term
hospital care, however, we're
working on the premise of "something
being better than nothing" here, so
it's kind of a take what you can
afford situation, which is very
unfortunate. I realize that a lot of
people may look at this option with
criticism or ask "what's the point"?
The point is that a large portion of
bankruptcies here in the USA are
because of excessive medical bills.
If they were partially covered, a
family may be able to avoid that.
#2. Raise your
insurance deductible to the maximum.
This option would mean that you'd be
paying practically 100% of your
everyday medical care out of your
own budget. If you think about it
though, you're probably already
doing this. How many times have you
seen the doctor this year so far?
How many times did you go last year?
The average is twice, so if you have
a deductible as low as $250-$500.00,
then you probably had to pay for
that yourself anyway, didn't you?
The main objective by raising your
deductible to the maximum is to
protect yourself, as in the example
above. You'll want to put away
$500.00 aside for doctor visits and
never touch it. More if you have a
large family.
These ideas, of
course, aren't the only options that
you have. I know that a lot of
skeptics will argue these options
and that's fine. I recommend when
you're looking for low cost health
insurance to keep all of your
options open.
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