In the great state of Montana, residents enjoy a laid-back way of life not found in many other states. Gorgeous trees and state parks, world-renowned fishing, and low crime rates have made Montana one of the Top 10 Happiest States from a recent poll.
Montana insurance rates are also some of the lowest in the country, another reason for residents of the Treasure State to smile. When it comes to health insurance, however, Montana could do better. Although the unemployment level is relatively low compared to the rest of the country, 16% of Montana residents are still without health insurance.
If you are looking for insurance for you or your family because you are unemployed, self-employed, or just want to save money, or if you are an employer looking for the best rates for group health insurance, these tips will help you save on your Montana insurance rates so you can stay healthy and happy.
Montana Health Insurance for Individuals
Most people get their health insurance from their employers, but in Montana, less than 40% of employers offer insurance—the worst rates in the nation. If health benefits aren't an option at work, you can still find private health insurance. Residents of Montana are lucky enough to be ranked 13th lowest in terms of health care insurance costs, with Montana insurance rates averaging $11,438 each year for families. But because this amount rises every year, you can save on your Montana insurance in a number of ways, including:
- Stop bad habits. You can save your health and over 30% of your health insurance costs by losing weight, quitting smoking, or avoiding alcohol and drugs. All of these factors drive up rates.
- Cut what you don't need. If these is no chance you'll be pregnant anytime soon, opt out of maternity benefits. Or, if you are the only one in your family who wears contact lenses, cut out vision insurance. If you stay relatively healthy, reconsider prescription drug coverage. All these things can save money in the long run.
- Shop around. Your rates will vary widely with each company, so once you find out what you need, it's essential to compare rates. Localinsurance.com is a great source for finding and comparing Montana insurance rates and can end up saving you a great deal of time and money.
Montana Insurance for Employers
If you own a business in Montana, you can make a huge different in the overall quality of life and health in your state by offering health benefits for your employees. While this can be pricey, there are many ways you can save money.
- Look for state funding. Montana has a state-funded program called Insure Montana that offers help for business owners by providing affordable health care options for your employees.
- Take advantage of tax credits. There are also tax credits available to small businesses that offer health insurance for their employees. This means that you can get a large portion of your Montana insurance rates back when you file your taxes.
- Encourage health. Overall, residents of Montana are pretty healthy. Setting up wellness programs like weight loss support groups, smoking cessation programs, and addiction recovery can save you a bundle on your Montana insurance rates.
- Shop around. Employers can also benefit from shopping around for affordable rates. Localinsurance.com provides the resources to find the best Montana insurance rates quickly, easily, and at no cost to you.
