higher premium costs. If the Platinum plan isn’t for you, you can go down one tier to Gold, two tiers to Silver, and three tiers to Bronze.
2. Consider an HSA-compatible plan
Health insurance plans that come with a higher deductible may be compatible with a health savings account (HSA).
HSAs are flexible and allow you to contribute pre-tax dollars for healthcare spending purposes. Whats more, HSAs don’t expire, so you can take withdrawals at any point in time and invest funds you don’t need to spend right away. Even better, HSA withdrawals are also tax-free if you use them for qualified healthcare expenses such as copays and deductibles.
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3. Review your out-of-network coverage choices
Finding a doctor or specialist you like within your health insurance plan’s network isn’t always easy. Because of this, it’s important to see what costs you’ll be looking at if you’re forced to go out of network. Otherwise, you may be on the hook for higher copays, and some health insurance plans won’t offer any coverage at all if you see a provider who’s out of network.
Going without health insurance can be a very dangerous thing. Without health insurance, you may have to spend your savings covering things like unexpected hospital bills. Fourtanetly, thanks to the Affordable Care Act, you can buy health insurance through the federal marketplace at HealthCare.gov from Nov. 1 through Jan. 15.