By taking some action you could save yourself hundreds of dollars on your Pennsylvania health insurance. In a bad economy everybody is looking for ways to save money. People are clipping coupons again, carpooling, and cutting the family vacation short. Did you know that you can save money by lowering your health insurance premiums? Follow this advice:
Shop Around
You can save quite a bit of money just by shopping around. Just because you have had the same policy for years doesn’t mean you have to keep it. If you can find a quote that meets your needs and costs you less, take advantage of it.
Raise your Deductible
By raising the amount of money you would pay out of pocket, you will lower your premium. If you or your family has not been sick or seriously insured this may be an option. You could also change your co-insurance as well. Most carriers cover 80% of fees incurred after you meet your deductible. By changing the ratio to a more favorable one for the insurance company you can lower your premium. The risk in these options is that if something does happen you will have to pay more out of pocket expenses.
Stop Smoking
If you are a smoker and you quit for a specified period of time, your premium payments will go down. Contact your health insurance provider and let them know of your change. The longer you stop smoking the lower your premiums may be
Watch Your Driving Record
Many people do not know this but your driving record plays a part in your premium rates. Bad drivers are a higher risk for health insurance companies to cover. By keeping your driving record clean and even having positive points can greatly affect how much lower you can get your premium.
Live healthier
By getting regular check-ups and keeping healthy you can lower your health insurance premiums. The lower risk you to the insurance company the better your insurance rate will be.
If you have a positive change in lifestyle choices contact your health insurance agent and let them know. Most of the time you will see a reduction in your health insurance premiums within a couple of months.
If you are going to shop around, let a Pennsylvania health insurance broker get you the best quotes from top quality health insurance providers.
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