How to Get Affordable Health Insurance (For Real!): A Helpful Budgeting Guide


In 2016, the average person spent more than $10,000 on healthcare over the course of the year. If you’re like most people, that’s money you need to cover other regular expenses.

While health insurance can help offset the cost of healthcare, you still need to find a policy that you can comfortably afford.

Figuring out how to get affordable health insurance can seem like an uphill battle. Here are a few proven tips to help you get coverage you can afford without putting strain on your budget.

Choose a Plan That You’ll Use

One of the biggest mistakes people make when figuring out how to find affordable health insurance is choosing the wrong policy. There are different coverage options available even from the same insurance provider.

The policies that cover more out-of-pocket healthcare costs typically cost people more each month. Policies that cover fewer out-of-pocket expenses or have higher deductibles cost less.

Think about how you plan to use your health insurance. If you go to the doctor often or have underlying health conditions that require treatment, a more expensive plan can save you money. You’ll pay more each month for insurance, but your costs for every appointment and treatment you receive will be lower.

However, if you tend to avoid going to the doctor or only seek medical care when you’re sick, that same plan will end up costing you far more than you’ll save. Choose an insurance plan that works for your typical healthcare needs, not the worst-case scenario.

Shop Around

According to the experts at MedicareWire, many people end up overpaying on health insurance because they chose the first policy they found. If you’re struggling to figure out how to afford health insurance, you’ll need to shop around and choose the cheapest policy that works for your needs.

Remember, different insurance companies offer the same coverage types at different prices. If you choose the first policy you find, you risk overpaying by thousands of dollars each year.

Do your due diligence and get quotes from several companies before you make a decision. Compare the types of coverage they offer, the deductibles, and the monthly premiums for each policy.

Look for Discount Programs

Believe it or not, many insurance companies offer discount programs. You just have to ask about them.

Once you enroll, see if your insurance provider offers discounts for regular gym visits or fitness tracker use. If they do, they’ll let you know and can walk you through the process to enroll in those discounts.

Understanding How to Get Affordable Health Insurance Is Key

Finding health insurance that you can afford to pay for each month is the best way to make sure you’re able to get the care you need. Now that you know how to get affordable health insurance, you’re ready to start shopping in earnest.

Just remember to look for coverage that works for your needs. Paying more for more coverage isn’t worth it if you’re not going to use the insurance in the first place.

Budgeting for life’s expenses is always tough. Check out our latest posts for more tips to help you take control of your finances.