How to Know If You’re Overpaying for Health Insurance
Spoiler: most people are — here's how to find out.
Let’s cut to it: health insurance is one of those things people pay for without fully understanding. And because of that, a lot of people end up paying more than they should.
Here are a few signs you might be throwing money away (and how to fix it):
1. You haven’t compared plans in over a year.
Insurance isn’t set-it-and-forget-it. Rates, coverage, and networks change. If it’s been a while since you looked at your plan, there might be something better (and cheaper) out there.
2. You’re paying for coverage you don’t use.
If you’re shelling out for a gold-level plan but barely go to the doctor, you might be better off with a more affordable plan. On the flip side, underinsuring can be just as bad. The key is matching your coverage to your real life.
3. You don’t qualify for subsidies... but maybe you do.
Many people assume they make too much money for subsidies under the ACA, but income thresholds have shifted. You might qualify for help and not even know it. That’s money on the table.
4. You’re paying out-of-network rates without realizing it.
If your doctors aren’t in-network, you could be paying way more than you need to. Always double-check that your providers are covered by your plan.
5. You bought from a random agent who never followed up.
If someone sold you a plan and then disappeared, chances are they didn’t customize anything for your situation. A one-size-fits-all approach is a red flag.
The fix?Work with someone who actually explains your options and helps you choose what fits — your needs, your lifestyle, and your budget. That’s what Wolfe Health does.
You shouldn’t be guessing with something this important. Let’s get it right.
