Having a high-quality health insurance plan is essential to minimize out-of-pocket expenses and the costs that are paid for medical services. How much are you spending each year on medical costs? If you don’t have the right insurance plan, then you might be surprised to see how much you are paying for expenses, premiums, and copays.

Calculating Medical Costs

There are several ways that you might be spending money on medical expenses. Since the money is spent in different ways, it can be surprising to see how much you are spending. These are some of the ways that you are paying out-of-pocket costs for medical care:

• Monthly insurance premiums
• Tax penalties if you don’t have a qualified insurance plan
• Co-pays when visiting the doctor
• Deductibles for emergency services
• Prescription costs at the pharmacy
• And more!

Take a moment to add up all of these expenses, so that you can get a clear picture of the amount of money that you are spending for your healthcare.

Reducing Annual Medical Expenses

Some people think that it is better to find a cheaper insurance plan to reduce their medical expenses, but they make the mistake of choosing a high-deductible plan and end up spending a lot more on the out-of-pocket expenses when an emergency happens.

If you visit the doctor on a regular basis, or you are in need of ongoing medical treatments, then it might be more cost effective to increase your monthly premiums for more insurance coverage. In other situations, it might be better to choose a cheaper plan with a high deductible if you don’t visit the doctor very often.

Talk with an Insurance Expert

The only way to determine the right insurance coverage to match your needs is to talk with an insurance expert. By comparing the different plans that are available, you can find the plan that will be the best fit for you and your family. By talking with an insurance agent, you have the opportunity to compare different plans that are available, instead of getting stuck with an insurance plan that is costing too much money.  Most importantly, this service is offered at NO COST to you!

For more information about high-quality insurance coverage, contact us to learn about the options that are offered.