Reduce premiums with higher deductibles

It may seem like a rather odd thing to say, but you can reduce your monthly health insurance premiums if you raise your deductibles.

Consider this, the lower your co-pays and deductible, the higher your health insurance premiums. A family in their upper 30s with two children might pay $1400/mo for a health plan with zero deductibles. If the same family chose a plan with a $3000 deductible, their rates could drop to $660/mo. This means a savings of $740 per month! In a year, that equates to $8800. If you think about it, if they went one year without going into a hospital, they would save the necessary amount needed for their deductibles.

By choosing a low or no deductible plan, this family is paying an equivalent to their deductibles, whether they use their health benefits or not. By choosing a higher deductible, they only have to pay, if there is a need.

The day to day benefits in the example above would stay the same for this family. They can still maintain their routine office visits and prescription benefits with small co-pays just the same if they had a zero deductible plan.