Because of the Affordable Care Act, health insurance is now mandatory in the United States. Thankfully there are steps you can take to reduce the amount you pay for the health insurance policy. To help you do just that, A Better Choice Insurance Agency Inc. in Concord, NC, offers some tips below. These suggestions should save you money without compromising the quality of your health care.

How to Reduce Your Health Insurance Policy Premiums

1. Increase the Deductible

The deductible is the amount you must pay out of pocket before the insurance policy kicks in. The larger your deductible, the less you have to pay as a premium. Therefore, if you do not anticipate needing a considerable amount of health care in the next year, you could come out ahead by reducing the monthly outlay.

2. Quit Smoking

Your insurance company cannot charge you more for health coverage based on preexisting conditions, but they can charge you more if you smoke cigarettes. You could save a considerable amount each year by quitting.

3. Choose a Network Doctor

Many health insurance plans require you to choose a primary care provider from within their network. If your preferred physician is out-of-network, you may have to pay an additional charge. To reduce your outlay, select a network doctor with whom you feel comfortable.

4. Assess Your Health Care Needs Annually

At least once a year, take stock of your health care needs and evaluate whether your insurance policy is still a good fit. For instance, do you still need prescription drug coverage? Are one or more of your children or dependents no longer under your care? If your needs have changed, you may be able to scale down coverage and reduce your premium.

5. Take Advantage of Subsidies

The Affordable Care Act provides subsidies for health care. To take advantage of this, you must purchase coverage through the North Carolina health insurance marketplace. Depending on your income, the subsidies could amount to tens or even hundreds of dollars per month.

The suggestions above should help you make a health insurance policy more affordable. To discuss your coverage options with a friendly, knowledgeable professional, contact A Better Choice Insurance Agency Inc. in Concord, NC. They've been serving businesses and residents throughout Cabarrus County for more than 25 years, so they have the experience and expertise to offer invaluable guidance on home, life, commercial, and auto insurance. Visit their website to view a map and office hours or call (704) 782-2073 to request a quote.