With the implementation of the Affordable Care Act, some Americans are finding themselves shopping for health insurance for the first time. While some individuals found themselves with coverage thanks to Medicaid, many more people found themselves with high-priced premiums and decreased coverage. Finding insurance that will meet your family’s needs without breaking your monthly budget can be a Herculean task. Included here are a few tips to help you lower your health insurance premium.
While the healthcare reform may have altered the insurance landscape in that you cannot be refused coverage, insurance companies are still able to charge a “premium” for those who smoke. Smoking increases your risk of COPD, asthma and lung cancer which can end up costing your insurance company. In return, they charge you more up front on your monthly premium, as much as 50% more for the same coverage as a non-smoker. [Read more…]