It’s already difficult for individuals to afford the increasing cost of health care. For some Washington State residents, it’s gotten even tougher. Recent rate changes reflect an average price hike of 14% for some policies.
There’s nothing new about this tale: According to a study by The Kaiser Survey, insurance rates have gone nowhere but up over the last few years. Some analysts say the passing of the Affordable Care Act has insurance companies trying to get ahead on potential costs. Insurers say they're just reacting to the rising cost of medical care as prescription drug makers and hospitals charge more. Dozens of insurance carriers have abandoned the fragile market altogether.
Whatever the cause, the result is the same: rising premiums, co-pays and deductibles. For many people, necessary prescriptions and procedures are starting to monopolize their health care budget. Things like preventative care and wellness visits? Well, those are getting postponed until the economy turns around.
If you find your insurance rates going up, you may find it necessary to switch to a higher deductible plan in order to keep your premiums down. If that’s the case, Sprig Health can help you save on hundreds out-of-pocket services like wellness exams, imaging services, dental care and other preventative screenings that are so essential to good health.