Seven Ways to Lower Your Health Insurance Premiums This Year
Health insurance costs can take up a big portion of your budget. The good news? There are practical ways to reduce your monthly premiums without sacrificing the coverage you need. If you’re in Arizona and shopping for affordable health insurance this year, here are seven strategies that can help you save.
1. Compare Plans Across Multiple Carriers
Don’t settle for the first option you find. Premiums vary widely between insurance companies, even for similar coverage. An independent agent like Daisy Nadolski can compare plans from top carriers in Arizona so you don’t overpay.
Learn more about health plan options on our Health Insurance in Phoenix page.
2. Choose a Higher Deductible
If you’re generally healthy and don’t expect frequent medical visits, selecting a higher deductible plan can significantly lower your monthly premium. Just make sure you have savings set aside for emergencies.
3. Look Into ACA Subsidies
Through the Affordable Care Act Marketplace, many Arizona residents qualify for premium tax credits that reduce monthly costs. Your eligibility depends on your household income and size. Daisy can help you find out if you qualify.
4. Consider a Health Savings Account (HSA)
Pairing a high-deductible plan with an HSA lets you set aside pre-tax dollars for medical expenses. This strategy reduces taxable income and lowers your overall healthcare costs.
5. Avoid Paying for Unneeded Coverage
Some plans include extras like maternity or pediatric care that may not apply to you. By tailoring your plan to your lifestyle, you can cut unnecessary costs and still stay covered.
6. Take Advantage of Preventive Care
Many plans include free preventive services such as annual checkups, screenings, and vaccinations. Staying healthy can reduce the need for expensive medical care later — helping you save in the long run.
7. Work With a Local Independent Insurance Agent
The easiest way to save money on premiums is to work with someone who knows the Arizona market. Daisy shops multiple carriers, explains your options clearly, and helps you enroll in a plan that makes sense for your budget.
FAQs About Lowering Health Insurance Premiums
Q: Can I really lower my premiums without losing good coverage?
Yes. Often, it’s a matter of balancing deductibles, copays, and plan type. Daisy can help you find a plan that saves money without sacrificing essential benefits.
Q: What’s the cheapest type of health insurance?
Bronze plans generally have the lowest monthly premiums, but they also come with higher deductibles and out-of-pocket costs. The best choice depends on your expected medical needs.
Q: Do subsidies really make a difference?
Absolutely. Many Arizona residents qualify for subsidies that can reduce monthly premiums by hundreds of dollars. Eligibility depends on income and household size.
Q: Why work with Daisy instead of shopping online myself?
Independent agents like Daisy provide free, personalized help. She compares plans from multiple carriers and explains your options, so you don’t waste time guessing or risk choosing the wrong plan.
Lowering your health insurance premiums this year doesn’t have to mean cutting corners on coverage. By making smart choices and working with a local licensed agent, you can protect your health and your wallet.
