Thanks to an innovative state-sponsored health insurance plan known as the New Hampshire Health Plan, or NHHP, most people in New Hampshire who have been denied private insurance coverage because of a pre-existing condition or for a number of other reasons can now find affordable health care coverage.
There are 7 basic requirements in order for a New Hampshire resident to qualify for NHHP insurance coverage. To see if you qualify go to nhhealthplan.org/
But whether you qualify for NHHP insurance or you need to find health insurance in the open marketplace, there are a few steps you can take that will help to reduce your cost of health insurance.
The most obvious thing you can – and should – do is to stop smoking if you smoke, and to lose weight if you are over weight. Neither of these things are easy to do, of course, but if you want to bring down the cost of your health insurance – and if you just generally want to be healthier – then you must make at least an effort.
Most health insurance companies base your monthly premium at least in part on your Body Mass Index, or BMI. Bringing your weight down even a small amount may drop you into a lower BMI category and save you money every single month on your health insurance. Losing weight is a difficult task – but if you are successful the rewards can be staggering.
Quitting smoking can seem like an impossibility to many people, but the truth is, it’s not. It can be difficult, but it is definitely not impossible and, again, the rewards if you succeed extend well beyond saving money each month on your health insurance.
Some insurance plans offer you a choice as to what percentage you wish to make your copay – in other words, how much are you willing to pay toward your doctor’s bill each time you have an office visit, or how much you’re willing to pay out of your own pocket for your lab work and other medical expenses?
Many health insurance policies allow you to choose whether you want to be responsible for, say, 20% of each doctor’s visit, or could you to pay 50%? Paying a higher percentage of your copay will result in a lower monthly premium.
Probably the fastest way to lower your premium is to increase your deductible. Your deductible is the amount of money that you will pay out of your own pocket each year for any health need that would normally be covered by insurance. You pay your deductible before your insurance company starts paying anything. The higher your deductible the lower your monthly premium payment will be.
And this brings us to the final way to lower your premium – to purchase an ultra-high deductible policy. What I mean by an ultra-high deductible policy is a policy with a deductible of $2,000 or even $3,000.
The purpose of such a policy is not to pay any of your normal yearly medical bills. If you purchase one of these policies your policy will not pay one cent toward your doctor bills or your lab work or even most minor out-patient surgeries in an average year.
Then what good is such a policy, you may be wondering?
Ultra-high deductible policies are designed to safeguard your life savings, your home, and any other assets you may have in the event of a catastrophic accident or an illness.
I’m sure you’re aware that an unforeseen accident or a major illness can land you in the hospital and you can be responsible for tens of thousands or even hundreds of thousands of dollars in medical bills in the blink of an eye. Such an illness or accident can wipe out a lifetime of savings and even threaten your home before you know what has even happened.
In cases like this, an ultra-high deductible policy can be a lifesaver.
But regardless of what you have decided as far as copays and deductibles are concerned, your best bet for comparing low cost health insurance in New Hampshire is to jump online and find at least three websites that allow you to compare health insurance policies and their prices side-by-side.
Take the extra time to fill out the form on at least 3 different comparison websites so that you can be certain of comparing all of the health insurance companies operating in New Hampshire. By doing this you can rest easy at night knowing that you really and truly have compared and found the lowest priced health insurance that’s right for you and your family here in the great state of New Hampshire.