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Texas Group Health Insurance

Affordable Texas Health Insurance

How to lower your health insurance premiums without lowering the quality of your health plan.

 

Texas health insurance premiums have been going up at a rapid pace. It is a challenge to keep premiums down without sacrificing benefits. The key to keeping your costs down is to use a supplemental health plan along with your major medical plan. Let me explain and give you an example.

The Smiths are a family living in Dallas and consist of a father who is 40 years old and a mother who is 35. There are two children. A girl of 10 and a boy of 8.

A typical PPO health insurance plan for this family with a $2,500 deductible is $704 a month. I know, it is outrageous. There is a co-pay for doctor visits of $35 and generic prescriptions of $15.

If we raise the deductible to $5,000 and keep everything else the same, the premium drops down to $538 a month.

What has really changed? If you end up with a serious medical issue, you will be out of pocket an additional $2,500. How much do you save per year? You save almost $2,000. If you are essentially healthy, you have an additional $2,000 in your pocket. So, what is the real difference between these two plans? If you got past the second grade you already know it is only $500. You are at risk for an additional $500.

Do you feel like living on the wild side? OK, let's move the deductible up to $7,500 and still keep doctor visits, prescriptions, etc. the same. The premium is now $458 a month. This is a savings of about $3,000 a year.

Are you getting a little nervous? Don't worry, I have a solution. We use a low cost supplement plan to take care of this deductible differences and still pocket a large savings.

For about $75 a month, this entire family (a single person is only $30 a month) can get a supplement plan that does the following:

If you are hospitalized it will pay out as follows:

- 1st day in hospital: $1,000
- 2nd day in hospital: $500
- 3rd day in hospital: $1,000
- 4th day in hospital: $1,000
- 5th day in hospital: $1,000
- 6th day in hospital: $1,000

Using this chart, if you are in the hospital for three days you will be paid $2,500. If you are there for five days, the plan will pay you $5,500.

It will also pay you $500 if you go to an emergency room for an accident, and up to $1,800 for specific injuries like a broken arm, etc.

Let Me Sum it Up for You

Instead of buying a $2,500 deductible plan for $704 a month, this family bought a plan that had a $7,500 deductible. Doctor visits, prescriptions, etc were all the same.

They saved $3,000 a year on premiums. From the savings they purchased a supplemental plan for $900 a year that would give them first dollar coverage assistance if they were hospitalized (up to $5,500). It will also pay emergency room costs up to $500 without meeting a deductible.

This is how you save money on your health insurance premiums.

If you call me or send me an email I will send you a brochure and application for this plan

800-272-0512
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