While you may not be able to predict every healthcare cost in a year, you can estimate what you will pay annually by reviewing your current healthcare needs. Just ask yourself a few questions.
Q: Are annual checkups usually the only time that you and your family visit the doctor?
A: If so, take a look at plans with a low monthly premium and a higher deductible. You pay less for health insurance monthly, but may pay more when you need more care other than a doctor visit.
Q: Do you or members of your family see doctors frequently and take prescription medicine regularly?
A: If your answer is yes, review health insurance plans with higher monthly premiums, but lower deductibles. You pay more monthly but pay less for health insurance coverage you use all the time.
Q: Do you qualify for a health insurance subsidy?
A: The Affordable Care Act (ACA) can help reduce annual coverage costs and you can save if you qualify. Health insurance subsidies are based on your earnings and family size (including yourself, your spouse, if married, and anyone you will claim as a tax dependent — even if they do not need coverage). Subsidies also consider the cost of health coverage in your state.