Saving money on Healthcare doesn't need to be so difficult.
Using these 3 tools can help cut your Healthcare costs.
Money Saving Tips
Depending on your level of income, you may be eligible to obtain a subsidy (financial assistance) from the government, which will pay a portion of your insurance premium. If you'd like to find out how much you may be able to save, you can use this calculator, which will give you an idea of the savings available to you.
Enroll in a Health Savings Account (HSA)
An HSA is a savings account that you can only use to pay for medical expenses and is a tax-free account. The funds in your HSA can be used to pay for expenses while you're trying to meet your deductible as well as for out-of-pocket expenses (such as copayments) after you have met your deductible, which will reduce your overall Healthcare costs. You can open an HSA at most banks and financial institutions.
Some companies offer HSA's to their employee, in which they will put a specific amount of money into the account on your behalf. If you'd like to find out more information about Group Healthcare benefits that may be available to you as an employee or employer, please consider attending Darr Schackow Insurance's Group Healthcare Seminar on December 5.
Talk to your Agent
The 2017 Open Enrollment Period for Healthcare begins on November 1, which makes now the time to discuss your situation with an insurance agent you trust. An agent can go over all of your options with you, breakdown the discounts you're eligible for and clear up any confusion you have about Healthcare coverage.
Subsidies, HSA's and discussing your options with an agent are just a few of the tools that can help save money on your Healthcare costs in 2018.
Please contact Health Agent Dawn Moore, if you have any questions about your Healthcare options. She can work with you to find the right plan. How do you try to save money on your Healthcare costs? Let us know in the comment section. On behalf of everyone at DSI, please have a happy and safe Halloween.