According to a recent study by the U.S. Census Bureau, over 45 million Americans are living without health insurance. And, as the cost of health coverage continues to climb, many employers are cutting back on health benefits, leaving employees to shoulder the financial burden.

Fortunately, there are some tips to employ to hold down the cost of health insurance premiums while maximizing your coverage.

You can stretch your premium dollars by:

• Buying group insurance. If your employer doesnt offer health benefits, look into other groups with which you are affiliated. Alumni associations, professional groups and other organizations are often eligible to purchase small group polices.
• Shopping around. Many insurers offer similar policies for very different premiums. Shop around to compare both price and benefits covered to find the right policy for you.
• Increase your deductible. Raising your deductiblethe amount you pay out of pocketis a great way to lower your premium amount. Just make sure to select a deductible that wont break the bank if you need to use your coverage.
• Understanding your coverages. Some extras like vision and mental health coverage can be removed to lower your premium without much risk to you.
• Staying healthy. More and more insurers are increasing premiums for smokers and overweight individuals. You can maintain the lowest possible premium by exercising regularly and upholding a healthy lifestyle.

If you meet the eligibility requirements in your state, you may qualify for health coverage through state-sponsored programs or to receive other financial assistance to help pay your premiums. For more information on state-assisted health plans, contact the division of insurance in your state.

Health insurance is a key factor to maintaining your access to the nations healthcare system and preserving your health and that of your family members. Use the tips above to optimize your health coverageand your bottom dollar!