Even though the old platitude goes the only constant in the universe is change, sometimes changes is a good thing, especially when you have become complacent with the current state. You have developed a current monthly budget based off of your bills: rent or mortgage, power bill, phone bill, cable bill, etc. and you've come to a place where you expect to have to pay out X dollars every month to keep those bills current. Even though this is comforting in one respect, it makes sense to take a look at your subscriptions plans and programs to see if making changes will save money. This even applies to your health insurance plans.
While it's easy to be satisfied with what you've got, if your policy is over a couple of years old, it may be an idea to see what's new. Taking the time to sit down with your health insurance provider to see if there are better options or other ways to structure your policy to improve your coverage at a better price can be very beneficial. With the changes that have occurred in the last couple of years and with the changes still to come, you may be over spending on health insurance.
New offerings like HSA's (Health Savings Accounts) enable you to have a higher annual deductible which reduces your monthly premium dramatically. These are especially handy if you (and your family) are pretty much healthy and you rarely if ever meet your yearly deductible anyway. The money you save on monthly premiums can be kicked into an HSA to take care of the deductible if you need it. The best part on your health insurance package is that the HSA funds roll over each year. Once you've saved the money for your deductible, you can use the extra money for whatever you want.
Also, looking at changing companies may be a viable option. Not only can companies offer incentives to new clients who may save you money, their health insurance programs may actually be less expensive than your current plan. Changing over companies can be a little tedious but the health insurance agents are more than capable of handling the details so if you can put together a better package with a different company, you may come out ahead.
This is especially true if you have your health insurance plan with the same company you have your homeowner's and auto insurance plans with. A lot of companies now offer significant discounts when you combine programs. That's because they get more of your business each month on one bill that covers all your insurance needs at a lower price. This can actually save you the most money overall.
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