subject: High Deductible Health Insurance Plan, Low Cost Health Insurance [print this page] Let's talk about how much you should be paying for health insurance.
Now, I'll preface this with saying, it can vary a whole lot and it varies based on the type of coverage you choose, the deductible you choose, your age, the state you live in and your zip code and your gender as well.
Some states have a lot of mandated coverage. So for instance, they may mandate that hair transplants are covered. When states mandate coverage like this, the premiums go up, so there are a number of states, particularly many of the New England states where health insurance premiums are extremely high because of all the government mandates placed on them.
But if you're not in one of those states, the best way to get an idea of what health insurance premiums might cost is simply to go online and run some quotes, and I'll caution you if you do this, be careful that you're going to a site that actually offers instant quotes and does not just collect your information to sell to insurance agents who want to call you and try to sell you, If you find a good one, then you should be able to look at instant quotes based on your zip code and your age, and then you can filter it by the type of plan you want to consider. I would recommend you look at the HSA qualified plans because these plans should be much less expensive than conventional plans.
Now, in our experience, the average premium is about $250.00 a month. Some of those are for young individuals, some of those are families, and some are much higher, but that's what it averages out to be. For myself, for me and my son, I'm paying a hundred and eighty dollars with Blue Cross Blue Shield, now that is for a high deductible plan. That's a $7500.00 deductible. The reason I carry that size deductible is one, it lowers my premium a good bit and two, I've had an HSA qualified plan for a number of years and every year, I make a tax deductible contribution to my health savings account so I built up a good bit of money in there and if something big happens, I've got enough money to cover my deductible.
So typically, I think in terms of $5.00 a day for your health insurance maybe up to ten if you're older, but certainly, you should not be paying more than about ten dollars a day for health insurance coverage and if you are, I'd recommend looking at a different plan and especially considering an HSA qualified plan.
For more information on how to make the most of your Health Savings Account go to www.HSA-Resources.com. There you will also find information about how to open a Health Savings Account, about how health care reform will affect your HSA and why you should take advantage of the opportunity to own a Health Savings Account now.
by: Wiley Long
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