Consider Health Insurance with a High

Deductible If you select a policy with a higher deductible, your premiums will be lower.

Self-Insurance vs. Not Having Insurance (Being Uninsured) If you’re having trouble paying for insurance and are thinking about self-insuring, please be careful.

We frequently try to cut costs when we need insurance the most.

Self-insurance is typically the better option when you have more money and can begin taking on the risk yourself.

When you are unable to cover losses, choosing to self-insure is what constitutes uninsured.

The bottom line is that if you decide to self-insure, you need to be willing to either cover the entire loss or handle it on your own.