Finding Affordable Health Insurance

Written by Doris Donnerman (last updated April 1, 2009)

Affordable health insurance, is it a myth or a reality? Most people think that there is no such thing as affordable health insurance, and that there is nothing that they can do to lower the cost associated with their monthly premiums (that is if they even have insurance to begin with). Considering that unpaid medical bills are responsible for over half of all personal bankruptcies in the U.S., finding the most inexpensive health insurance for your needs is probably right at the top of your list of things to do. Luckily, there are things that you can do yourself to ensure that you do get the health insurance that you want.

  • Shop around. If you are providing your own health insurance, meaning you are not getting it from work, then you should shop around and compare. Just like when you are purchasing automobile insurance, there is nothing that says you cannot get quotes from health insurance providers. Get at least three quotes from different companies before making your final decision.
  • Be aware of your personal medical history. Health insurance companies make a lot of their decisions based off of the personal, and family, medical history of the prospective client. You need to know if you have a family history of certain types of diseases, and what your current health level is. This way, you are going to be able to provide as much data to the insurance company when you are trying to get your quotes, so that way you can make as accurate of a decision as possible.
  • Know your credit. Just like with automobile insurance, many companies are now basing some of their decision off of not just medical information. Remember that unpaid medical bills are the leading cause of over half of the personal bankruptcies in America. These companies want to get paid, just like everyone else.
  • Deductibles. Surprisingly, again just like with auto insurance, the higher deductible (which is money you pay out of pocket before the insurance kicks in) you go with means the lower your monthly premium is going to be. Be careful when using this option though, as you may choose to have such a high deductible to get a low premium that you end up virtually no insurance at all.

Author Bio

Doris Donnerman

Doris is a jack of all trades, writing on a variety of topics. Her articles have helped enlighten and entertain thousands over the years. ...


Mom's Meat Loaf

Everyone's family has their own special version of meat loaf. However, if you're looking to shake things up a bit, try ...

Discover More

Tips about Customs when Traveling

Traveling is exciting and fun. But be careful; if you don't pay attention you can pay heavy customs duties on what you ...

Discover More

Video Storage

Whether you are a professional videographer or simply a person who is interested in making your own videos, video storage ...

Discover More
More Money Tips

Insuring Your Home

There are three main components to home insurance: the cost to replace the dwelling, the cost to replace your ...

Discover More

Understanding Auto Insurance Quotes

There are always stories going around of people not getting the coverage that they thought that they had with their auto ...

Discover More

How Much Life Insurance Should I Get?

Life insurance amounts shouldn't depend how much you can afford, but how much money your family will need after you're ...

Discover More

If you would like to add an image to your comment (not an avatar, but an image to help in making the point of your comment), include the characters [{fig}] (all 7 characters, in the sequence shown) in your comment text. You’ll be prompted to upload your image when you submit the comment. Maximum image size is 6Mpixels. Images larger than 600px wide or 1000px tall will be reduced. Up to three images may be included in a comment. All images are subject to review. Commenting privileges may be curtailed if inappropriate images are posted.

What is 7 - 1?

There are currently no comments for this tip. (Be the first to leave your comment—just use the simple form above!)