It's that time again: time to shop around for new health insurance. If you're worried about being stuck with sky-high premiums, it's time to take matters into your own hands. While the cost of health insurance does continue to rise, there are still steps you can take to reduce your premiums. Before you start shopping for health insurance, here are some methods you can use that will help you save money.

Choose the Options You Need the Most

When it comes to purchasing health insurance, it's important that you stick with the options you need the most. Choosing options that you're not going to use will only cause your premiums to increase. Unfortunately, those unnecessary options could end up costing you hundreds of extra dollars every single month. Make sure you're saving as much money as possible by only choosing the options that you know you're going to use.

Go With a Higher Deductible

If you're trying to save money on your health insurance, you should look into plans that include a higher deductible. Paying a higher deductible for your medical services can help you save money in the long run. However, you need to make sure that higher deductibles will work best for you. Before you go with a plan that includes a higher deductible, sit down with your insurance agent and go over the numbers.

Apply for Insurance Subsidies

If you fall in the low-to-medium income range, you need to look into government subsidy programs. There are subsidy programs that can provide you with big discounts on your health insurance premiums. Not only that, but if you're low income you may be eligible for free or low-cost health insurance. These programs are designed to provide health insurance to those who cannot afford to pay for it on their own, or who would be adversely affected if they had to pay for it on their own. Most subsidized programs are available through each individual state, so check with your specific state to see what the qualifications are.

Utilize Group Coverage Options

When it comes to saving money on health insurance, it's always a good idea to look into group coverage. Many work organizations and unions offer group benefits that allow members to purchase health insurance at a discounted rate. Before you purchase your health insurance, take the time to find out if you're eligible for group discount rates through any of the organizations to which you belong.

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