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Health insurance is an essential risk management tool that helps defray the costs of medical care if you should become seriously ill. However, if you find the monthly payments to your current insurance agency burdensome, you might be tempted to forego coverage and assume the risks of remaining insured, as well as the legal penalties under the Affordable Care Act. JMS Insurance Agency in Stafford, TX, offers the following suggestions to help you achieve more manageable payments.

How to Reduce Health Coverage Premiums

Increase the Deductible

The deductible is the amount one must pay out of pocket before their insurer has to contribute. The larger the deductible, the less one pays in premiums. To lower your monthly payment, ask your insurance agency how much you can save by increasing the deductible.

Stop Smoking

Insurance agency in Stafford, TXSmoking puts you at risk for several life-threatening and debilitating illnesses. Insurers know this, so they charge smokers more to account for their increased exposure. In addition to better health, quitters will enjoy a significant drop in their health coverage costs.

Reevaluate Annually

Take time each year to reassess your coverage needs and discuss policy changes with your insurance agency. For instance, if your children are grown and have their own insurance, remove them as dependents. Also, evaluate changes in your prescription drug coverage needs, and any lifestyle changes that may lower your premium.

These tips will help many individuals reduce their rates and achieve more affordable health insurance. To discuss other ways to keep your insurance costs low, contact JMS Insurance Agency for assistance. They serve Texas businesses and individuals throughout Fort Bend, Montgomery, and Harris Counties, and will help with home, life, business, and auto insurance needs, too. Visit the insurance agency’s website to request a quote or call (281) 494-1500 to speak with a friendly, experienced insurance agent.

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