When your group health insurance premiums go up, there are several steps you can take:
- Review your policy: Review your current policy and see if there are any changes in coverage, deductibles, or co-payments that may have contributed to the premium increase.
- Shop around: Check with other insurance providers to see if you can find a policy with similar coverage at a lower premium.
- Negotiate with your current provider: If you've been a long-time customer and have a good payment history, you may be able to negotiate with your insurance provider to get a better rate.
- Consider a high-deductible plan: A high-deductible plan can have lower premiums, but you'll have to pay more out-of-pocket expenses when you receive medical care.
- Review employee contributions: If you have an employer-sponsored plan, consider if you and your fellow employees are paying the fair share of the premiums. Consider discussing with your employer if they can increase their contribution.
- Encourage a healthy workplace: Encouraging healthy habits can lead to fewer claims and, potentially, lower premiums.
- Seek the advice of a professional: Consider consulting with a licensed insurance broker or financial advisor to help you navigate your options and find a solution that best fits your needs.
Contact Dale Johnsen, 805-870-8534, [email protected],
