Health insurance is expensive.
But the average American has to pay more than $20,000 per year for coverage, and that number grows exponentially with age.
That makes insurance even more of a burden, and one that many people don’t have the time or money to pay for.
Health care coverage is a huge cost, but it can be a good deal.
Here are the best ways you can save on healthcare coverage in 2017.1.
The Affordable Care Act is the law of the land.
The health care law, which has been in place since 2010, has reduced the costs of health care in the United States.
That’s partly because it was passed by Congress, which is why it’s often called Obamacare.
But it also means that everyone can keep their health insurance, which includes deductibles and co-pays.
If you don’t like how the law works, there are a lot of things you can do.2.
Find a health insurance plan.
Health insurance companies like Blue Cross Blue Shield of Michigan, the state’s largest insurer, offer more affordable options than individual policies.
And there are many health plans that cover everything you need to get the best bang for your buck.
If your goal is to save money, the easiest way to do that is to buy individual policies that cover most of your costs.
The same goes for large groups.
But if you have to choose between two policies, there’s no reason not to buy one that covers your whole family.3.
Look for an insurance provider with an affordable premium.
A high-deductible plan is generally cheaper than a cheaper plan with a low deductible, which often means the plan covers fewer benefits.
Blue Cross is one of the best-rated insurers in Michigan, and it has a generous deductible.
The company offers low-coverage plans for a good price.4.
Be proactive about finding affordable health insurance.
In 2017, the Affordable Care Foundation’s report found that in some states, there were only 10 to 15 affordable health plans available.
That means the average family could pay more for coverage than $50,000 for a family.
And in some cases, the family could only afford to pay $30,000.5.
Keep in mind that most health insurance companies are not accountable to consumers.
Many insurers charge higher premiums than other health plans, and insurers often don’t offer any coverage for pre-existing conditions.
To be sure, insurers may have better options, but you’ll pay a premium for what you get.6.
Take advantage of the tax credits.
Some insurance plans have a deductible and copay, which you can use to pay less for coverage.
For example, the Blue Cross and Blue Shield plan in Michigan offers a maximum deductible of $2,400 for the individual, $5,000 in 2018 for the family, and $12,000 next year for the co-pay.
The average deductible in Michigan is $2.7 million, which works out to an annual deductible of just $8,500.7.
Consider the cost-sharing.
The most expensive coverage in the market is often the lowest-cost one, but there are other options as well.
If the health plan doesn’t offer an deductible, there will likely be no deductible at all.
And, if it does, the most expensive plans may not cover pre-exposure prophylaxis, which can reduce the risk of contracting a deadly coronavirus infection.
If that’s not enough to make you reconsider your health insurance options, you may want to consider co-opting an employer-sponsored plan.
This option is more expensive, but if you don, you can still get the same benefits as an employer plan, like the tax credit.8.
Use your state’s tax credits to get your health coverage.
The individual tax credit in Michigan works out at $1,500 per year, while the family tax credit is at $3,000 and the dependent care credit is up to $1.5 million.
Employers can take advantage of this tax credit by providing health insurance coverage for employees or workers, which will reduce their tax liability.
And when you buy a health plan through your employer, it’s possible to reduce the deductible.9.
Make your own health plan.
If it’s more convenient for you to shop around for coverage in your area, then go for the lowest priced plan available.
But make sure you do your homework and compare plans to make sure they offer the best value.
If you’re having trouble deciding what plan is right for you, read our article on the best health insurance plans for 2017.