Health Insurance in Spencer, NC 28144

3 Important Factors to Consider When You’re Looking for Affordable Health Insurance in Spencer, NC

For more than a decade, Health Insurance Advisors, a trusted Spencer, NC health insurance advisor has been helping business owners, families, and individuals in Rowan County find affordable health insurance plans. Whether you’re looking for a group, an individual, or a family health insurance plan, you can count on our team of highly knowledgeable and skilled experts to help you design an effective insurance program that will be customized to meet your unique needs.

Our competitively-priced plans offer optimum protection; what’s more, we make enrollment quick and easy. When you choose Health Insurance Advisors as your Spencer, NC health insurance advisor, you can feel confident knowing that you’ll find comprehensive, yet affordable health insurance for yourself, your family, or your employees.

3 Things to Consider When You’re Looking for Affordable Health Insurance in Spencer, NC

Having the right health insurance plan is extremely important. With the high price of healthcare in Rowan County, even minor ailments and injuries, such as a sore throat or sprained ankle, can cost a fortune and cause serious financial strain.

As such, you want to make sure that you find an affordable health insurance plan that offers comprehensive coverage. Of course, finding a plan that ticks off both of these boxes is a lot easier said than done, but it is possible; you just have to know what factors to consider.

When you’re researching Spencer, NC health insurance plans, take the following factors into consideration and you should be able to find a policy that will offer reliable coverage at a price that you can afford.

Premium, Deductible, and Your Health

The premium and deductible have a direct impact on the cost of your health insurance. The premium is the price you pay each month to maintain your plan. A deductible is an up-front contribution that you’ll need to pay before the insurer will payout.

If affordable health insurance is your goal, a low premium can be very attractive; however, do bear in mind that some Spencer, NC health insurance companies can charge low premiums, but the deductibles are high, which can really hit you in the pocket when you do need to file a claim. On the other hand, higher premiums translate to lower deductibles, so while you’ll pay more each month, you’ll pay less when you need to file a claim.

When you’re weighing your options, consider both the premium and deductible, as well as the state of your health. If you want affordable health insurance and you’re in generally good health, a low premium and high deductible may work for you; however, if your health is poor or you’re exposed to hazardous conditions on a regular basis, a higher premium and lower deductible may be a better choice.

Prescription Coverage

Are you currently taking prescription medications on a regular basis for a chronic condition? If so, when you’re looking for affordable health insurance, check to make sure the drugs you are taking are featured on the formulary (a list that features the drugs the insurance company covers) of the plan you are considering. If the medications you are taking aren’t covered by a Spencer, NC health insurance plan, cross it off your list, otherwise, you’ll likely end up having to pay exorbitant out-of-pocket expenses.

Health Savings Account

It’s also a good idea to consider whether or not contributing to a health savings account (HSA) is something that you are interested in. Basically, an HSA is like personal savings account that you can use to cover the cost of your medical expenses. If you have disposable income, this is a great option if you want to build an emergency fund for your healthcare costs. Individuals and families can make thousands in tax-deductible contributions to their accounts.

Do note that you will need to qualify for a health savings account. To qualify, your Spencer, NC health insurance plan will need to support it, and you cannot be claimed as a dependent on somebody else’s tax return. If you want to protect yourself from unexpected – and costly – healthcare expenses, an HSA is an option worth considering.

Contact a Trusted Spencer, NC Health Insurance Advisor

For help finding an affordable health insurance plan in Rowan County that offers comprehensive coverage, contact Health Insurance Advisors. To speak to one of our advisors, call 704-230-1038 today!

Some information about Spencer, NC

Spencer is a town in Rowan County, North Carolina, United States, incorporated in 1905. As of the 2010 census, the town population was 3,267.

The town was named for Samuel Spencer, first president of the Southern Railway, who is credited with establishment of the railroad’s mechanical shops at the site in 1896. The site was approximately the midpoint of the railroad’s mainline between Atlanta, GA and Washington, DC. As the shops were being built the Southern Railway developed a town, also named Spencer, alongside the shops for worker housing. Initially, the Southern partitioned 85 acres into 500 lots. Instead of creating a traditional ‘company’ town in which the workers rented houses Southern sold the lots to workers or businesses for $100 apiece. The deeds did contain restrictive covenants which maintained that a dwelling costing in excess of $400 and approved by a Southern appointed architect be built within a year. The Southern donated lots for religious institutions. Southern also helped establish a YMCA in the town. The community grew quickly and by 1901 had 625 residents.

The former Spencer Shops were phased out during the 1950s through 1970s and have now become the location of the North Carolina Transportation Museum.

The Alexander Long House, Southern Railway’s Spencer Shops, and Spencer Historic District are listed on the National Register of Historic Places.

Learn more about Spencer.

Directions from Spencer, NC to Health Insurance Advisors

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