Health Insurance - Fargo ND

Health insurance in Fargo as well as the rest of the state of ND has always been dominated by Blue Cross Blue Shield ND, but that doesn't mean there aren't many other companies to choose from. The best choice often comes down to what type of a health plan interests you and whether it's group coverage or individual.

Health insurance premiums across the entire U.S. have been rising much faster than the rate of inflation and premiums in Fargo ND have been no different. Since it appears that National Health Care Reform is going to fail, this site will focus on ways for individuals and small companies to reduce their health insurance costs.

The Most Cost Effective Health Insurance Plans In Fargo ND

The most cost effective plans for individuals are the high deductible PPO plans. PPO plans are similar to an HMO but offer more flexibility and usually have a larger number of doctors participating. Under these plans you pay a small co-pay for office visits within the Preferred Provider Organization and have a high deductible for any procedures or hospital stays. Under these plans even middle aged individuals can keep their premiums down in the $200-250 /mo range by having a $3000-5000 deductible. A 45 year old with a $5000 deductible and 0% co-pay can be insured for just over $125 /mo or less than $100 per month if you are willing to limit the number of office visits ( 3 per year ) and pay a slightly higher Co-Pay. It really depends upon how much you use health services.

Scared by the high deductible?  The solution is to do this in conjunction with a Health Savings Account. With a health savings account you set aside a higher amount of money per month. The amount over the cost of insurance goes into a health savings account and the money put into the HSA is not taxable ( Pre-Tax Dollars ). The amount you can contribute is currently approximately $250 /mo for individuals or $500 /mo for families. As the HSA builds up in value it becomes the protection against out of pocket health care costs. Whenever you incur a medical expense ( including prescriptions & OTC medicine ) that aren't covered by your insurance you simply pay for them out of your HSA. Medical related expenses can also include expenses not covered under medical plans, such as dental, vision and chiropractic care; durable medical equipment such as eyeglasses and hearing aids; and transportation expenses related to medical care. Non-prescription, over-the-counter medications are also eligible. You must keep receipts for what was purchased through your HSA account and money that is un-used within the calendar year simply rolls over to the next year.

Visit the following link for a more comprehensive overview of Health Saving Account Rules

 
Companies Providing Health Insurance and HSA Compatible Plans In Fargo ND:

Medica

Companion Life

Blue Cross Blue Shield ND

State Farm Insurance