Have you ever looked at your health insurance bill and thought, “Is this really what I’m supposed to be paying?” You’re not alone.
Every week, I talk to people—especially self-employed families and small business owners—who are doing their best to pick a plan, but still aren’t sure if they’ve chosen the right one. And more often than not, they’re overpaying for health insurance.
So how do you know if you’re overpaying? Let’s walk through a few simple signs and what you can do about it.
5 Signs You Might Be Overpaying for Health Insurance
1. You’re paying for benefits you don’t need
Let’s say you’re a single guy in your 40s, and your plan includes maternity coverage. Or maybe your kids are grown, but your plan still includes pediatric dental and vision. Those benefits aren’t bad, but they’re probably not necessary for your current stage of life—and they could be driving up your monthly premium.
2. You chose a Low-deductible plan, but never meet the deductible
Low-deductible health plans can be a good fit for certain people, especially if you’re concerned about potentially unexpected medical bills. But if you keep yourself healthy, and the few times you use your plan you just pay for things out-of-pocket (without ever hitting the deductible) then your low deductible may be causing you to pay more each month than you need to be! It might be time to look at a better-balanced option for your needs.
3. You haven’t reviewed your plan in a while
Plans and pricing change every year. What was a great deal two years ago might be overpriced today. If it’s been more than 12 months since you last compared plans, there’s a good chance you’re leaving money on the table.
4. You signed up on your own without expert help
Health insurance is one of those things that seems simple… until you get into the details. If you picked a plan without talking to an independent agent, there’s a decent chance you missed out on better coverage or more savings.
5. You might qualify for subsidies—but aren’t getting any
This one happens all the time. Depending on your income and household size, you might be eligible for a tax credit that lowers your monthly premium. But if your income estimate was off—or if you didn’t apply through the right channel—you could be missing out on hundreds of dollars in savings every month.
Why Health Insurance Costs Can Be So Confusing
Health insurance pricing depends on a lot of factors: your income, your age, where you live, who’s on your plan, and even how you apply.
For most people, it’s hard to know what’s “normal.” That’s why so many folks overpay—they’re just doing the best they can with limited information.
And to be totally honest: even if you’re really good at reading the fine print, there are still little details that can make a big difference. That’s where working with someone who knows the system can help.
So… What Should You Be Paying?
Here are a few ways to figure that out:
- Compare your current plan to other available options (both marketplace and private)
- Use a subsidy calculator to see if you qualify for reduced rates
- Talk to an independent agent (like me!) who can shop across multiple companies—not just one or two
- Think about what you actually use: doctor visits, prescriptions, family needs, etc.
The goal isn’t always to find the cheapest plan—it’s to find the best value for your money.
Real-Life Example
I recently helped a family of four here in Orem, UT who were paying over $1,600/month for their old marketplace HMO plan. They were happy with their coverage but overwhelmed by the cost.
We reviewed their needs, their preferred doctors, and their income situation. I found them a private PPO plan with similar benefits, same hospital network—and it cut their monthly premium by over $500.
They didn’t lose quality. They gained peace of mind.
What to Do If You Think You’re Overpaying
If any of this hits home, here’s what I recommend:
- Take a fresh look at your current plan
- Make a list of what you actually use throughout the year
- Reach out for a second opinion—it’s free, and you might be surprised at what’s out there
- Compare private and marketplace plans (most people don’t even realize they have options beyond healthcare.gov)
Want a Free Plan Review?
I offer no-pressure, no-obligation health insurance reviews—whether you’re self-employed, a business owner, or just want to make sure you’re not overpaying.
If I can help you save money, awesome. If your current plan is already the best deal, I’ll tell you that too.
👉 Click here to book a free call or fill out a quick quote request.
Let’s make sure your health insurance is working for you—not against your wallet.
