New Health Insurance Plan is Saving Americans Thousands This August

Over 95% of individuals are spending over $5,000 annually on medical costs – Honest Quote aims to reduce this burden.

All you need to do is answer a few simple questions online, and you can get comprehensive coverage approval in no time.

How can I reduce my health insurance premiums?

To reduce your health insurance premiums, consider adjusting your plan to have a higher deductible or selecting an HMO instead of a PPO if it meets your needs. Additionally, if you're eligible, contributing to a Health Savings Account (HSA) can provide tax advantages and lower your overall healthcare costs. Participating in wellness programs offered by insurers can sometimes also offer discounts.

Are there government programs that can help me save on health insurance?

Yes, based on your income and location, you might qualify for Medicaid or for subsidies on health insurance plans purchased through the Affordable Care Act (ACA) marketplace. Children in low- to middle-income households may also be eligible for the Children's Health Insurance Program (CHIP). Check with your state’s health department or the ACA marketplace to see if you qualify.

Can I get a discount if I'm a non-smoker or maintain a healthy lifestyle?

Many insurance companies offer premium reductions or rewards for non-smokers and those who participate in wellness programs. Engaging in regular health assessments, fitness activities, or health-related workshops can sometimes earn you discounts or rewards, as these reduce the risk for the insurance company.

Does shopping around for health insurance really make a difference in cost?

Absolutely. Premiums, coverages, and out-of-pocket costs can vary significantly between insurance providers and plans. It's essential to compare options annually during open enrollment, taking into consideration not just the premium, but also the network, coverage, and potential out-of-pocket expenses.

Would increasing my deductible significantly decrease my premiums?

Generally, plans with higher deductibles have lower monthly premiums since you're agreeing to pay more upfront before insurance kicks in. However, it's essential to balance this with your ability to pay the deductible in the event of significant medical expenses and to consider other factors like co-pays and the maximum out-of-pocket limit.