ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How to get Affordable Medical Insurance

Updated on June 25, 2013

How to Self Insure

With the high costs of healthcare and recent legislation passed in the United States, it is wise to look at other options to cover your medical needs. Continue reading on to find out about some innovative ideas to keep your family healthy with affordable medical insurance.

My Dau-in-law checking vital signs for preventative health care.  One can never be too cautious concerning one's health!
My Dau-in-law checking vital signs for preventative health care. One can never be too cautious concerning one's health! | Source

Self Insurance?

Would you give self insurance a try?

See results

Health Insurance, Prescription coverage, and Dental Insurance

With all the debate and controversy regarding health care insurance, the innovative person or group can come up with a better plan. Partial self insurance may be beneficial during these tough times. Small business and corporations alike have self insured for years. What about a household or community self insurance plan? You can include your family, your pets, your neighbors and friends. Each person has the same type of coverage, so all premiums are the same for everyone.

Here is what I propose:

  • Shop for and purchase an inexpensive major medical plan that covers inpatient and outpatient surgery, hospitalization, emergency services. Choose the policy with the lowest monthly payment even if it requires a high deductible. You must also be sure the policy pays a minimum of 90%. You may find a prescription plan and dental insurance at very low prices. It is recommended you purchase those as well.
  • The monthly premium required to pay for health insurance through a private company is the amount you have to spend on all medical issues. Therefore, deduct the monthly premiums paid for the major medical and hospitalization, dental insurance, and a prescription plan from the original amount allocated for insurance. Invest the remainder in a community, interest bearing account.
  • Visit your primary doctor on a regular basis and get to know the staff, especially if you have a chronic condition. Many times, when a doctor knows you are uninsured by a major company, they will discount your fee, especially if you are required to make several appointments during the year. It never hurts to ask. Knowing your doctor and staff will prove to be beneficial when prescriptions need to be called in and they are less likely to require an appointment with the doctor first.
  • Use coupons and promotional offers for medical checkups. Donate blood, find pharmacies with low cost or free prescriptions, take advantage of the free testing in the pharmacy, and utilize the expertise of your pharmacist. Take advantage of free dental exams, eye exams, and free cholesterol and blood sugar tests.
  • If you are currently insured, visit your doctor (get a copy of your medical file if you plan to switch physicians), get regularly taken prescriptions filled (3 month prescriptions are less expensive), preventative medical care is much less expensive than waiting for a serious illness.

How Self Insurance Saves Money

Major medical insurance can be purchased for under $50 per month. Dental insurance and prescription plans can be found reasonably priced, as well. Let’s say you now have to pay about $500 per person, per month in health insurance premiums. After the deductions of $50 for major medical insurance, $20 for a discounted prescription program, and $10 monthly for pet insurance, that leaves a balance of $420 per month, per person to save and use towards doctor’s visits, lab work and such. When someone is proactive in keeping themselves healthy, the negotiated and agreed upon costs would be covered, paid by this account in cash. When someone needs medical assistance for an injury or illness, you pull the co-pays and additional 10% from this account.

Source

How often do you need to see a health care professional?

See results
  • The doctor’s office will usually allow a mutually agreed upon payment plan to be arranged should the full amount be unattainable at the time.
  • Many pharmacies offer free or discounted prescriptions. For example, Publix pharmacies offer free antibiotics, and Wal-Mart pharmacies have a discounted generic prescription plan. Walgreens has an inexpensive prescription plan worth looking into.
  • Negotiate with your health care providers for discounted preventative health care costs.
  • By NOT giving your money to large insurance companies, knowing you will never see it again, are not beneficial or cost effective. Instead, invest in your own household, and your own company. If things go well, it is possible you may be insurable by contributing a minimum premium; another cost saving tool.
  • Invest in your own small business (or household) and earn interest. It might be worth hiring a professional stock broker for a short time and extract as much information as possible. Take notes and learn about your investment options.
  • Eliminate unnecessary visits by creating a great line of communication with your doctor’s office. If you are known well, prescriptions are called in with no required visit with the doctor. If you have a chronic condition, you will be seeing your doctor on a regular basis anyway.
  • Going to the beach for the salt air, or taking a steamy shower to break up lung congestion are a few other things you can attempt before you make an expensive doctor’s appointment. Herbs, vitamins, minerals, and other supplements should always be discussed with your doctor. Always drink lots of water to flush out any ailments that are attacking you. Natural remedies like lemon juice, honey, sea salt, massage oils, scented candles, aloe plants, and crushed ice in a Ziploc bag are ways to treat non-emergency injuries and illnesses. A heating pad, over the counter cold, cough, and sinus medication, or ibuprofen, acetaminophen, naproxen, and even aspirin can be helpful, if cleared by your doctor.
  • Have a first aid kit handy and updated in your home and in your vehicle at all times.
  • In many states, you can have a Health Savings Account (HSA) that is deducted from an employee’s paycheck, pre taxed! The employees will be saving money on income taxes in this respect.

Source

More Benefits to Becoming Self Insured

  • The decisions made by you and you are the last word. No person has rights to your medical records except for your doctor and any other person you authorize, unless a legal subpoena is issued,
  • The dollar amount, or premium, would be equally charged on a per person basis regardless of age, occupation, or pre-existing conditions; since all coverage is equally administered.
  • No “referrals”, no “network, and no co-pay (unless you arrange that with your employees or teenagers).
  • I recommend that if you do consider this idea, be sure to get a complete physical, discuss cost options with your doctor, and have a thorough blood work up before you leave your insurance company. Remember, proactive medical care is much less expensive.

I’m happy you the time it took to read my hub. Your opinion is always welcomed and appreciated. Please feel free to leave a comment or suggestion in the comments section.

"Be kind to one another" ~ Ellen

God Bless You ~ Margaret Sullivan

Comments

    0 of 8192 characters used
    Post Comment

    • Mmargie1966 profile imageAUTHOR

      Mmargie1966 

      5 years ago from Gainesville, GA

      Thank you for your kind words, KoffeeKlatch Gals!

    • KoffeeKlatch Gals profile image

      Susan Hazelton 

      5 years ago from Sunny Florida

      Wonderful advice and tips. Thanks so much for sharing. Up, useful, interesting, and awesome.

    • Mmargie1966 profile imageAUTHOR

      Mmargie1966 

      6 years ago from Gainesville, GA

      I pray you get to keep it FP! I'm happy to hear it still exists!

    • The Frog Prince profile image

      The Frog Prince 

      6 years ago from Arlington, TX

      I had to answer no because I have great insurance. Hopefully that will last.

      TFP

    • Mmargie1966 profile imageAUTHOR

      Mmargie1966 

      6 years ago from Gainesville, GA

      Teaches...God works in mysterious ways. I am happy I could help. Please let me know if you are happy with it. We are seriously considering the same idea. We pay so much in premiums for partial coverage that we can't afford to go to the doctor. That was the reason I wrote this hub.

    • teaches12345 profile image

      Dianna Mendez 

      6 years ago

      Margie, this is something that my husband and I have to look into over the next few months. Your hub has given me some great ideas on what to consider. The free advice is one thing that I had not thought about. Thank you for sharing this valuable information.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)