In the United States, the cost of health insurance is steadily increasing, and American citizens are often forced to seek an alternative to traditional health insurance plans. Fortunately, there are a number of viable alternatives that can reduce costs, sometimes dramatically, although it can be difficult to decide which option best suits your particular circumstances.
A common option when seeking alternative health care coverage is to open a health savings account (HSA). This type of account provides a tax-free way to cover most medical expenses, including doctor visits and medications. Commonly with the monthly primary care rate programs, discussed below, HSAs are often combined with highly extrapolated insurance coverage due to a serious illness or injury. Many employers offer HSA, although you can configure one at a time. All payments made at HSA are pre-tax deductions, in addition to not imposing a tax fine to withdraw or spend funds from the account, provided the funds are used to pay medical expenses. However, the IRS imposes maximum limits on contributions to the HAS account; In 2016, these limits were set at $ 3,350 per capita and $ 6,750 per family.
As mentioned earlier, another alternative to traditional health insurance is primary care membership. In general, for example, membership in a gym, doctors offer their services for a fixed monthly fee. In exchange for these monthly rates, both families and individuals receive largely unlimited general medical care, including doctor visits and routine tests. However, this type of plan does not include treatment for major injuries, surgery or hospitalization. Fortunately, primary health care membership can be complemented by a highly leveraged and relatively low health policy, designed only to cover serious illness or injury.
A program to share medical costs has been developed for members to pay a monthly allowance, which is included in a set of resources used to pay each member’s medical costs as they arise. A specific example of this type of chart is Medi-Share. Instead of a deduction, there is an accident fee for each medical event that the member must cover if they have their pocket. Subsequently, the remaining medical costs associated with this event will be paid for the cumulative fees paid by other program members.
The medical cost-sharing program provides cost savings because these types of programs generally negotiate a discount with health care centers and primary health care doctors, resulting in lower monthly rates than those paid by health insurance. Traditional health and at the same time receive the same benefits. Many of these types of schemes are in charge of religious organizations, so some costs, such as birth control and abortion, can be excluded. Otherwise, these programs offer everything you expect from a traditional health insurance policy at a lower price.
If you prefer to pay cash for your medical treatment and are willing to pay the tax fine incurred under the EAC for lack of health insurance, a medical debit card may be a viable option. Discount cards are available for prescriptions, medical or hospital services, or both. Some card providers charge one-time membership fees, some require membership fees plus a small monthly fee, while others offer completely free cards. The amount of discount offered by the cards can be very generous; often up to about 80%, although there are restrictions on where to use the cards. These restrictions are similar to those of health care plans that require the use of doctors within a particular network of health care providers. A special advantage of the discount card for medical services is that it can be used for dental services. Traditional health insurance plans often provide dental coverage that has a number of restrictions or is very expensive. It can also be used with high risk insurance coverage for illness or injury.
Finally, if you are young and healthy, a high discount policy may be the ideal solution. This type of policy is designed to pay if you experience an unexpected serious injury or illness, making it a good option for those who do not expect to face a range of different medical problems throughout the year. This type of policy keeps costs to a minimum and gives you peace of mind that if you need medical treatment for a serious illness or injury, your costs will be covered.
While health insurance can be expensive, there are steps you can take to reduce costs while still receiving medical treatment when you need it. By carefully researching your options, you can find a program that fits your needs and requirements, while maintaining your budget. A traditional health insurance policy offers many benefits, but it can certainly save money by thinking of alternative ways to pay for any medical treatment you may need.
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