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Even though this is a complicated topic, you cannot afford to ignore it. Here are 5 health insurance considerations to help you get started:

1. Maintain your coverage

People may lose health coverage due to loss of employment, job change or illness. You can research your possibilities for continued health cover through websites providing health insurance information. Not having health coverage could mean a financial disaster in the event of one major hospitalization need.

2. Know what are your options

Don't just let your human resources department decide which option to choose for you. Individual situations differ. Some have children and there are others with health issues. If your spouse also has coverage, then there are yet other health insurance considerations.

It is worth your while understanding your options and making a good decision.

3. Look into reducing your premium by increasing your deductibles

You can lower your health insurance premiums by increasing your deductibles. At least you know how much you need to be able to pay out-of-pocket and be prepared for this if it were to happen.

Pay out-of-pocket for regular visits to the doctor. Use insurance only to protect you from financial ruin. It is also good if you can create a health savings plan that allows pretax contributions.

4. Purchase your drugs online

You can reduce the cost of getting drugs by buying them online. This is especially true for regular prescription users.

You can verify that the online pharmacy complies with licensing and inspection requirements through a program set up by the National Association of Boards of Pharmacy called Verified Internet Pharmacy Practice Sites (VIPPS). You can verify this vipps.nabp.net/verify.asp.

5. Live healthy

The more of a health risk that you carry, the higher the health insurance premium. Reduce such risk elements like smoking.

Also improve eating habits and incorporate exercises to avoid having to visit the doctor or the necessity to get hospitalized.