Being a resident of Florida, you can avail two types of health insurance policies—individual health insurance and group health insurance. Group health insurance is offered by employers while individual health insurance has to be bought privately from insurance companies.
If you want to find cheap health insurance plans or are looking to save money on health insurance rates, the following tips should work for you.
Association plans are one of the catch that lots of residents of Florida fall into. If you want to avoid ending up on higher premiums, you should stay away from association plans because they are not native Florida health insurance plans. These plans actually allow the insurance company to alter your premium each year, which means that after few years, you will be paying a lot more than you think.
Most consumers think that higher deductibles would be a mistake. However, if you go for a health insurance plan that has higher deductibles, you can save money on monthly premium. Just compare some health insurance plans that have higher premium rates or higher deductibles. You will notice that health insurance policies with higher deductibles have lower premium rates. The idea is that if you raise your deductible to be 00 but end up saving 0 on monthly premiums, you should go for it.
It is good to have a health insurance plan with a prescription deductible. Health insurance companies in Florida charge a lot for brand name prescription coverage, but if you have higher deductible for brand name coverage, you can save a good amount of money on premiums. Generic prescription cover is very low but you should also think about going for brand name deductible.
If you are buying a health insurance policy from an agent, you should check if he/she offers policies from different companies. If you are buying it from a particular company’s broker, you are not offered choices and face a salesperson that has a motive to sell the policy. So, if the agent offers plans from different companies, you can compare them and choose the best one.
A generic advice to have lower rates on health insurance policies, you should stay fit. In order to do this, avoid alcohol, smoking and do exercise. This ensures that you keep your body fit and in good shape.
There are lots of private health insurance companies in Florida that offer different kinds of health insurance plans. Aetna, AMS, Assurant, Avalon Healthcare, AvMed Health Plans, Blue Cross and Blue Shield, Celtic, Cigna, Coventry, Golden Rule, Humana One, IAC, Solera Dental, and Vista are some of these companies. You should ask for some free online health insurance quotes also from these companies so that you can compare them on your own. This helps greatly because shopping around is the best expert’s advice given to consumers while buying health insurance.
In August, Whole Foods CEO John Mackey argued in the pages of the Wall Street Journal that the solution to America’s health care crisis was to be found in “less government control and more individual empowerment.” His own company’s unique health care plan, Mackey wrote, covers 90 percent of employees, costs less than health insurance plans, aned provides a “very high degree of worker satisfaction.” But for the sin of not supporting a government take over of health care, labor unions and left-wing activists called for a boycott of Whole Foods, claiming that Mackey’s solutions were unworkable and his employees were unhappy. Reason.tv talked to protesters, Mackey, and employees about “the Whole Foods alternative to ObamaCare.” Produced by Michael C. Moynihan and Dan Hayes. Edited by Dan Hayes. Approximately 5 minutes. (Full disclosure: Mackey has contributed to Reason Foundation, the nonprofit that publishes this website.) Related video: John Mackey’s Conscious Capitalism: The Whole Foods CEO on health care, veganism, and free markets: www.youtube.com Go to reason.tv for downloadable versions of these and other videos.