Ohio health insurance rates are actually quite affordable compared to other states. But whether you’re paying $60 per month or $560 per month, that may be too much. We shop prices 24/7 so you’re always viewing the best offers. It doesn’t matter whether it’s Anthem or Humana, we always publish the best offers.
Here are 10 money-saving ideas that might reduce the prices you pay. While all of these tips may not apply to you, perhaps a few will lower your premium. And you may also notice an improvement in your benefits.
·Raise your deductibles. By increasing the deductible from $1,000 to $2,500, a family of four could save $2,000 per year. You may also wish to consider a $3,500 or $5,000 option which will make a big difference when the number of persons covered is three or more.
·Consider an Ohio Health Savings Account (HSA). If you don’t have a lot of medical expenses, an HSA could potentially save you tens of thousands of dollars over your lifetime. You’ll also get to deduct contributions and take complete control over your medical benefits. If you have reached your 65th birthday a Medicare Supplement policy for Ohio should be looked at. We’ll help you every step of the way.
·Raise copay amounts if you are not using your office visit coverage more than three times per person per year. If you currently pay $20 or less, bump it up to $30 or more. Usually, the savings far outweighs your out of pocket cost. If your physician charges you less than $60 for visits, you’re probably paying for a benefit that should be removed.
·Combine all family members on one policy to possibly reduce rates. However, if the adult coverage should be different than the dependent coverage, two separate policies might reduce premiums. In 2014,with the introduction of the Exchange, you will be able to purchase a “child only” policy. However, plan choices will be somewhat limited, with “Platinum” being the most expensive choice.
·Compare rates every three years. Prices generally increase each year, and yours may be increasing faster than other companies. Certainly, you can research more frequently, since there is no cost during the process. But before you change, consult us to ensure the new coverage is appropriate. We will develop a strategy that you will be very happy with.
·If you stopped smoking, notify the carrier. You may be eligible for a reduced rate, and it may be substantial. Most companies increase premiums approximately 15%-30% if you have used nicotine within the last 12 months. The Ohio Health Exchange, however, in 2014, will use a 50% surcharge factor if you smoke. that should be plenty of incentive to quit.
·Are you paying for unneeded benefits? The removal of symptomatic office visit coverage could save hundreds…perhaps thousands of dollars every few years. Since preventive visits are automatically paid in full, you may feel that there is no need to pay $50-$150 per month extra to cover a few yearly bouts of the flu that require a generic prescription.
·Ask about “Wellness discounts.” Some Ohio health companies will reduce your premium if you regularly exercise and meet other requirements. You may even be rewarded with a credit towards memberships in exercise clubs or the YMCA. It’s free money that you should always ask about.
·Make sure you are using the “Preferred” Network if you have a PPO policy. You may be paying a higher premium because you are either using the wrong network or you are being treated by a provider that’s not listed on any of your provider lists.
·Purchase your coverage directly through our website so you receive direct carrier and direct Exchange rates. We’re still the top-rated choice of consumers and will always provide free lifetime service and expert guidance regarding tax rebates, the application process and any facet of your policy you need help with.