A Smarter Way to Pay for Your Health Insurance.

March 5, 2013 - PRLog -- Having insurance means paying a premium every month  whether you need care or not. This money

will add up. Therefore a a big key to keeping your coverage affordable is keeping the premiums low.  

A policy that cost $150 a month is $1800 dollars a month. And once that money is paid it is gone forever. Now what if you could keep that money and control how you spend it. That is what some medical plans can do for you.

Generally speaking if you have a higher deductible you will have a lower premium. The money you save by having a higher deductible can be set aside (or invested) for health related expenses. Many of which expenses that will apply to you deductible. You can also use your premium savings for supplemental coverage that pays you cash to help pay your deductible or other expenses related to an accident or critical illness or even dental work.

You may be used to paying a copay when you visit the doctor. This is a fixed amount you pay per

visit it is usually less than a regular office visit. But, do you want to know something? You are paying extra for that copay. Typically it is about $30-$60 extra for an individual and even more for a family and you are doing so every month. So you are paying for the privilege of paying a copay for your office  

visits.

A big reason smart people visit the doctor is for preventative care-i.e. Check-ups, mammograms, immunizations etc. It much less expensive care for a problem when caught early or even better when you can prevent a health problem from even occurring in the first place. That is why a health plan that  

pays %100 for preventive services recommended under the Affordable Care Act where you don't pay a copay or office visit charge or coinsurance would be ideal.

So does a copay pay? As a matter of fact for mos consumers, no. Since you don't have to pay a copay for preventive recommended under the Affordable Care Act, and the average person visits the doctor for non-preventive care less than 2 times a year. This person will spend a lot less in a year with a no copay plan than with a copay plan with a higher premium.

You will save about $53 per doctor visit by paying a copay. If you go twice a year you save $106. However you will pay $30-$720 more per year in premiums for that copay plan!

A no co-pay plan will cost you significantly less in monthly premiums than a comparable plan with copays. The money you save on premiums is yours to use as you wish. You can than use those savings to pay for services you actually use.

You can save money with a no-copay higher deductible plan or with a fixed benefit plan and use your savings to spend on healthcare services you actually use. You will save money up front and have major medical protection when needed.