What Type of Health Insurance Should We Consider?

Dave Ramsey recommends looking into a plan that includes a Health Savings Account (HSA). These programs allow you to save your money tax-free in an account you can use for most health-related expenses (that means everything from surgery to cough drops). A higher deductible option with no co-pays will likely decrease the cost of your plan substantially, allowing you to instead allocate that money to other priorities (paying down debt, growing savings – you know the drill). Another benefit of HSA-type plans is that, once you turn 65, you can use the savings portion of your plan to cover costs that Medicare and other supplemental plans may not. Another option Dave suggests looking into is a cost-sharing plan like that offered by Christian Healthcare Ministries.

Health insurance can be confusing, so please don’t hesitate to reach out to a Zander Insurance Guide for help understanding your options.