How to lower your health insurance costs

Did you know that medical debt is the leading cause of bankruptcy in the United States? An ABI report shows that over 56 million people struggle with medical debt each year, and health care debt has jumped to over $220 billion.

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

The U.S. also has one of the highest health care costs in the world, with total spending exceeding $4.93 trillion – or about $14,570 per person in 2024 – according to the Center for Medicare. That’s why going without health insurance for any length of time can cost you a fortune.

Searching numerous websites for the most cost-effective health insurance for you and your family can be overwhelming. With U65 Health Insurance, you can quickly compare rates from various providers and get the most affordable quote in less than five minutes.

How health insurance works

In the U.S., most people get health insurance through an employer-sponsored plan. But if you don't have employer coverage, you can purchase individual plans through private insurers or government marketplaces.

For those under 65 without employer coverage, U65 Health Insurance helps you quickly compare a variety of plans from leading providers to find the coverage that’s right for you.

How U65 Health Insurance works

U65 Health Insurance is for any American under the age of 65 (including those who might have pre-existing health conditions). It enables you to compare and access health insurance offers.

Finding an affordable health insurance policy through U65 Health Insurance is easy, fast and free.

Just input your Zip code, age range and household income, and U65 Health Insurance will sort through insurance companies in your area to find you the best options. You may choose from the likes of United Health, Kaiser, Anthem, Cigna, Oscar Health, Aetna, Molina Health, Blue Shield of California, eHealth, and Select Quote.

Once you review and pick your preferred coverage, you’re good to go.

Types of health insurance

Various health insurance plans provide different coverage levels to suit your health needs and budget. Here are the major types:

• Health Maintenance Organizations (HMOs): Low-cost plans that require members to choose a primary care physician and obtain referrals for specialist care, with coverage limited to in-network providers.
• Preferred Provider Organizations (PPOs): More flexible plans allowing patients to see specialists without referrals and offering partial coverage for out-of-network care, with higher premiums but greater provider choice.
• Point-of-Service (POS) Plans: Hybrid models combining HMO and PPO features, permitting patients to coordinate care through a primary physician while maintaining some out-of-network coverage options.
• Exclusive Provider Organizations (EPOs): Plans that provide in-network care without requiring referrals, offering a balance between cost control and health care accessibility.
• High-Deductible Health Plans (HDHPs): Low-premium options with higher deductibles, typically paired with Health Savings Accounts (HSAs) and best suited for generally healthy individuals seeking more affordable coverage.