If you are looking for affordable health care coverage for your family, it is important to know where to find health insurance that is affordable. If you work for a company with more than fifty employees, you are obligated to provide health coverage to all employees because of the newly passed Affordable Care Act (Obamacare). If you have less than fifty employees, you will have to decide if you want to provide affordable health care coverage to your employees or whether you want to reduce their health coverage. Most people want to provide affordable health care coverage to their employees but they don't want to reduce their coverage levels. However, if you choose to reduce your health coverage you may end up paying more money for your health care coverage than you would have paid if you maintained your present health care policy.
One of the best ways to reduce your health insurance premium is to increase your deductible amount on your policy. However, most people just raise their deductibles to an amount that is too high and they still pay the same high premiums. In addition to increasing your deductible, which reduces your monthly premiums, there are other ways to reduce your premiums. If you work for a company that offers wellness incentives, for example, it may be possible to qualify for a bonus that lowering your premiums. Also, if your employer offers a lot of small business health insurance benefits, such as group life insurance, group disability insurance, or group vision insurance, and if you belong to a small business association, your premiums could be reduced significantly.
You should also consider the fact that health insurance plans do not always require annual medical exams. If your employer provides you with a health discount plan or if you purchase a policy with a yearly deductible, you may save money on premiums by choosing to reduce your deductible. However, if you decide that you don't want to pay the deductible, and you have an accident or get seriously ill, the resulting costs could be very high.