Over the past 21 months, my family has participated in a wild ride with health insurance. The experience has been enlightening, incredibly frustrating, annoying, confusing and intimidating. Can I get an “Amen!” and a witness?!?! In this series on health insurance, I am going to share my experience AND some helpful tips on saving money on health insurance.
Part Three Group Plans (even when you are an individual)
Sometimes group plans are less costly and offer better benefits than individual policies – and individuals sometimes have opportunities to participate in a group plan if they are part of a network or business group. For example, I am part of my local Chamber of Commerce. They offer the opportunity for me to participate in a group health insurance plan. Small business networks, home builder groups, and other membership organizations will offer group health insurance to their members.
It gets even better when you can obtain lower premiums by obtaining group health insurance AND it is a High Deductible Health Plan (HDHP) with a Health Savings Account (HSA) – which was Part Two of this series!