Rising Health Insurance Costs by Adam Kerr

Florida is experiencing huge increases in health insurance costs, but average wage increases are not keeping up. Health insurance premiums in Florida have increased over 98 percent in the past nine years, but average wages have only increased by just over 26 percent. The increases in deductibles, co-payments and other medical costs are setting Floridians back financially.
It is important to protect yourself against the rising cost of health insurance. There are several ways to keep your health costs down. Keep the following in mind and protect yourself:
Compare Health Insurance Plans
Health insurance costs can vary even between very similar plans. You can save up to 50 percent just by comparing similar plans. Check the monthly premiums and the benefits of each plan before choosing your insurance plan.
Choose a Higher Deductible Amount
A higher deductible means a lower monthly premium, which saves you money each month. Don't forget that, in case of an emergency, you must meet the deductible amount before the insurance company will begin coverage.
Learn about COBRA Alternatives
If you have recently become unemployed and are using COBRA continuation coverage, learn about your other options. An individual or family plan may be less expensive, or you may just need a short-term insurance plan.
Save Money with an HSA
Health Savings Accounts (HSA) are tax-free savings accounts designed to help consumers pay for their health insurance. You can use funds in your HSA to pay for certain qualified medical expenses.
Get a Discount Card
Discount cards are not health insurance plans, but they can save you up to 60 percent on prescriptions, dental, vision, and some orthodontia services. You can use the discount card as many times as you need to each year, as long as your medical provider accepts them.
These are all ways in which you can help fight against the rising costs of health care in Florida. Protect yourself and your family and learn about all your money-saving options.