Is there honestly no alternative? I’m a single female age 23, don’t smoke, no major health problems. 5′4" 110 pounds. My work offers but its every two weeks, so 0 a month. That is kind of out of my league, but it has no deductible. What should I do?

 

  • Ceebee 7:03 pm on October 14, 2009

    The only thing you can do to get a lower premium is to get a high deductible policy – $3,000 or more. But even those are going to run you around $50-$70 a month depending where you live and the plan you choose.

    You need to decide if you want doctor’s visits covered, prescription coverage and amount of co-pays and co-insurance. All these factors influence your premium.

    The disadvantage of a high deductible is the amount you have to pay before all your expenses are covered. The plan offered to you with no deductible is a good deal. But if you can’t afford it, then it doesn’t matter how good a deal it is.

    If you feel like you’ll be healthy and want to roll the dice that you’ll not be in a accident of some sort, try getting a policy that only covers hospitalization and major medical. That way, you’ll have something to help until you’re able to afford a better plan.

    You’re doing the right thing to ask because too many young healthy people just blow off getting anything. Premiums look expensive until you have a health crisis and you’re stuck paying full amount yourself.

    Find an independent agent in your area who can guide you to the best policy for your needs. Looking online is very confusing and hard to figure out if you’re not familiar with insurance terms.