Ohio Health Plans – Save 30% or More

#1:  SWITCH TO AN HSA-(Health Savings Accounts)

HSAs are sweeping the nation and becoming the most popular individual plan. The concept is simple; you pay for expenses below the deductible at a discounted rate and the carrier pays for everything after the deductible. Saving are significant – typically 50% less expense than traditional plans. How much could you save?
Family Tradition Plan – $510

HSA – $275

Savings – $2,820!

#2:  DITCH THE COPAYS

Yes, you only pay $25 when you see a doctor but the question is how much are those copays actually costing? There are many plans now on the market with no copays, however all doctor visits are still covered. You simply pay the network discounted rate, which is usually only $15-25 more than the Co-Pay. How much can you save? Here’s an example:

Family Plan with Copays – $425

Family Plan without Copays – $290

Savings – $1,620 a year!

#3:  CHOOSE A HIGHER DEDUCTIBLE

Most people when choosing a plan opt for the lowest deductible possible, however, you are paying for that low deductible in the way of higher premiums and not coming out ahead in the end. Choosing a plan with a higher deductible can save the average family $1,500 or more. How much can you save?

Family Plan with a $500 deductible – $680

Family Plan with a $2,500 deductible – $315

Savings – $4,380!

#4:  PURCHASE A NEW PLAN

Every year many carriers come out with new plans with low rates. When you choose a new plan you are typically getting the lowest rates in the market and can save 30% to 60% off your current premiums.

#5:  SHOP AND COMPARE

There are at least seven (7) major health insurance companies each offering six plans on average. That’s over 42 plans on the market for individual and families. Rates vary widely depending on the carrier and plan. It is a mistake to think that similar plans have similar pricing. One carrier could charge $600 per month for a PPO plan with a $1,000 deductible. Another carrier could charge $400 for the same plan.