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Here’s how to find cheap health insurance before open enrollment ends

by Shane Murphy

MoneyWise Editorial

Man getting his eye pressure
@beachbumledford / Twenty20

Unfortunately, we don’t choose when we get hurt or sick — and just one unexpected medical bill can have a catastrophic impact on your finances, especially if you're already struggling in today's inflated economy.

Nearly 60% of Americans being hounded by debt collectors got stuck in that position because of unpaid medical bills, according to the Consumer Financial Protection Bureau.

Those bills often come from unpredictable, unavoidable expenses, like ambulance rides, trips to the emergency room and hospital stays.

That’s why going without health insurance for any length of time can cost you a fortune. In 2022, the average cost of a hospital stay in the U.S. is $11,700, and the cost of health care per person is expected to pretty much double by 2027.

Finding the cheapest policy available means you’ll need to shop around and compare rates from multiple insurance companies. That normally takes ages, but thanks to SmartFinancial, you can compare quotes online in just three minutes.

How SmartFinancial works

Shopping around for a health insurance policy with SmartFinancial is free and couldn’t be easier.

You just answer a few quick questions about yourself and the type of coverage you’re looking for, and SmartFinancial will sort through over 200 insurance companies to find you the best options available in your area.

They’ll even check for discounts that you might not have known about — for example, you may be able to get a lower rate if you have a gym membership or participate in a wellness program that promotes healthy habits.

Once you have your quotes, you just review them and pick the coverage that’s right for you.

Protect yourself and your family

As the pandemic has shown, anything can happen. It’s never been more important to make sure you and your family are covered in case of an unexpected illness or injury.

So stop putting it off and let SmartFinancial find you a better rate on a health insurance policy today.