Can you increase your yearly deductible? Increasing your deductible will definitely lower your monthly health insurance premium, but you need to exercise caution in using this approach. Keep in mind that you will have to come up with the full amount of your deductible in cash each year before your insurance company will start paying its share of your medical expenses. You want to be careful that you do not promise to pay a larger deductible than you can actually afford to pay.

Finally it's time for you to get online and find a website that lets you compare the cost of health insurance at different insurance companies.