Most people don't like having to pay for health care. In fact, more than half of the people in New Jersey who have health insurance say that the cost of health care is a big part of their family's budget. Health insurance has become so expensive that 17% of all New Jersey residents don't have any kind of health insurance. This is mostly because of the cost.
So, how can the high cost of health insurance be fixed? Is it even possible to get cheaper health insurance in New Jersey and save money?
Well, the average person can actually do a few things to help bring down the cost of health insurance.
If you have the chance to buy group health insurance through your employer or an organisation or club you belong to, you should strongly consider doing so. At least two things make this true. First, group health insurance is almost always cheaper than individual health insurance. Second, a person with a pre-existing condition can often get group health insurance but not an individual policy.
So, what are some ways you can put together a health insurance plan that will save you the most money?
Start by getting rid of all tobacco products. People who smoke and chew will have to pay more for their health insurance. Period. Also, don't lie about using tobacco to get insurance. Your health care provider will know right away if you lied, and your insurance may not pay for treatments you've already had.
If you are overweight, your health insurance costs will be higher. Most people find it harder to lose weight than to quit smoking, but being overweight is a big reason why so many people pay so much for their health insurance. If you want to pay less for health insurance, you need to lose weight. Even a small amount of weight loss can move you into a lower weight category, which could save you hundreds of dollars each year.
Children under 18 and some adults who meet certain income requirements can get health insurance from the state of New Jersey at a low cost or sometimes even for free. It's easier than you think to get in. Check out http://www.njfamilycare.org to see if you or your children are eligible for this health insurance.
How much can you pay as a co-payment? When they go to the doctor, a lot of people have to pay a 20% or 25% co-pay. If you can afford to raise your co-pay to 50%, you can lower your monthly health insurance costs by a large amount. This is a good plan for people who don't see their doctor very often.
If you have other types of insurance, like homeowner's insurance or life insurance, it can save you money to get them all from the same company. You'll get a discount for having more than one policy.
If you've had the same health insurance policy for at least 5 years, ask your agent if you're eligible for a Long-Term Policy Discount.
How much can you spend each year on a deductible? Think carefully about this because you'll have to pay your deductible every year out of your own pocket before your insurance company will pay for any medical bills. However, the higher your deductible, the lower your monthly premium will be.
Now put everything together. Make your low-cost dream health insurance policy, then go online and find at least three websites that let you compare the prices of your dream policy at different insurance companies.
Don't stop comparing things after just one. If you want to find the absolute lowest price for health insurance in New Jersey, you'll need to compare prices on at least three different websites.
Once you've done that, you can choose the lowest quote and be sure that you've found the best price and really saved money by getting discount health insurance in New Jersey.
