Finding affordable family health insurance in Utah doesn’t have to difficult, you just need to know a few key tips, and your Utah health insurance quest will be much easier.

Here are four tips’ to help you keep your Utah health insurance costs down:

1. Write Out Your Priorities

Do you love your current doctors? Then you should choose an insurance company that covers their service. Its important to make a list of the top five things you would like in plan, and bring them up to the broker or insurance company. This way you can really start to focus in on a plan that will more appropriately meet your needs. There are many things you should consider when you write out your list of priorities:

– Are you planning to have a child?
– Are there any doctors or specialists that you simply can’t live without?
– Do you have a hospital or care facility close by that you want to ensure is on the plan?
– How long do you need the health insurance coverage?
– Do you travel a lot outside of the state you primarily reside in?
– Do you travel on business to foreign countries?

2. Don’t be Afraid to use a Utah Health Insurance Broker

An insurance broker can be a huge help. He can do the legwork to find a well-suited insurance company, help shop for the best rates, and explain the ins and outs of your plan. You may also want to make sure he has a large “book,” the industry term for the network of providers he works with. More options mean a better deal and a better fit. Also another important tip to keep in mind when choosing a broker say Bret Harding of Utah Insurance Solutions “most consumers don’t know that states regulate the rates insurance companies charge, this means that every insurance agent must quote the same rate for a particular health insurance company. Therefore, the best way to save money on a plan is to find an insurance broker that really knows the individual health insurance market and can recommend a specific plan to fit your individual needs.”

3. Consider Using a Discount Health Card

Discount health cards can be a tremendous saving tool for consumers who actively use them, says Bret Harding with Utah Insurance Solutions. Discounted health cards don’t replace health insurance, but they can enable you to save on prescription drug costs so you can, perhaps, forgo the Rx plan that comes with many health insurance plans, and thus save you some money. Many prescription benefit cards are available for free or at a minimal cost.

4. Consider a High Deductible Plan

It is important to understand that insurance is meant to protect you from loss should a serious illness or injury befall you, not necessarily for preventive care. The higher deductible you are willing to pay, the lower your monthly premium will be. As an example, a female in her mid-twenties was able to reduce her monthly payments by 20% when she increased her medical deductible from $500 to $1,000.

HSAs, or heath savings accounts, are commonly coupled with high deductible plans. You and your employer are allowed to add pre-tax funds to the HSA so that you can use this money to pay medical expenses until your deductible is met.

An HSA is a great option for people who generally only have to whip out their insurance card once or twice a year. Maybe you go for a yearly checkup, and then to the doctor if you have the flu. It goes hand-in-hand with an insurance policy that has a high deductible ($1,100 for individuals; $2,200 for families), but low premiums. The money you save on premiums each month can be deposited into the HSA pre-tax, where it grows tax-deferred. You then use it to pay for any unexpected medical expenses. The bonus? Once you turn 65, you can withdraw any money you didn’t use and spend it on anything you want, including funding your retirement.

Summary

Finding a Utah family health insurance plan may not be on the top of your list of important things to do today, but that doesn’t mean you should put it off any longer. It general takes between 30-45 days to find an implement a new Utah health insurance plan. Get started today with Utah Insurance Solutions, we’ll point you in the right direction and make sure you’re taken care of! Call or email Bret Harding for personal guidance: 801-372-2647. Email: Bret@UtahInsuranceSolutions.com

Author Bio: Bret Harding is a Utah Health Insurance Brokers with many years experience in the Utah health insurance market. He specializes in working with Utah’s entrepreneurs and small business owners. Get an instant Utah health insurance quote: http://www.UtahInsuranceSolutions.com

Category: Family Concerns
Keywords: health insurance quote Utah, Utah health plans, health insurance Provo.