Save Money With Health Ins????

Health Insurance….yeah I said it. The past year this term can fuel plenty of debate. The fact remains that we all need it and if you have it whether it through your employer or individually understanding and reviewing your policy regularly will help you save money.  If you need to adjust your budget quickly raising your deductible can help.  However you must understand what goes with a high deductible plan.  Many of you have heard of and HSA.  HSA’s are beginning if not already replaced the “traditional” health plan.  HSA’s will raise deductibles to 5,000 or 10,000 thereby lowering your monthly premium.  You should however fund the SA part (Savings Account) of your HSA on a regular basis. You also can simple use other savings you will have on health related expense, keeping receipts because this money can be tax deductible.  Once you meet your deductible generally 100% of your care is covered.  Worse case you are out 10,000 with and HSA….No health insurance your guess is as good as mine.  If you have a traditional coverage you can expect to pay 2 to 3 times more each month on the premiums compared to and HSA.  So check it out and understand what you have.