I think it's safe to say we're all looking forward to a new year after what we experienced in 2020. If you're like me, this is the time to take a deep look at your personal finances and ask some questions about how you're spending your money and what your goals are for the year and beyond.
One quick way to do this is to look at what you're spending on your insurance. This includes, health, dental, vision, life insurance and more. You should look at more than just the monthly premium and expand it to include any co-pays or other out-of-pocket costs and evaluate what you're spending as a whole.
Here are some easy steps to take care of this
1) What is your monthly premium for each type of insurance?
2) Has anything changed in your family in the last year (birth, marriage, change in job, etc.)?
3) What did you spend per month on medical, dental and vision expenses?
4) What was your total out-of-pocket for medical, dental and vision?
Once you've got a general idea of your expenses reach out to an insurance broker to see where there may be opportunities to save each month. A broker works for you and not an insurance company so they can compile quotes from several carriers and get the best rate and coverage for your situation.
I've personally helped people save up to 20% - 50% from their current expenditures depending on the program they are currently enrolled in. The total process takes less than an hour and I do most of the work for you.
What are you waiting for?
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