Knowledge can save you money on health insurance — 5 facts

Friday, July 31st, 2015

Consumers can save money on health insurance if they making informed decision before next year's open enrollment period, according to U.S. News.

Here are five facts:

1. Insurers are aiming to increase premium rates on public exchanges by 20 to 40 percent.

2. A family of four will spend more than $24,600 on healthcare this year.

3. More than 60 percent of consumers stated they are sometimes confused by their out-of-pocket costs.

4. If consumers can find a balance between affordability and risk, they can better evaluate their need for medical care.

5. Consumers should seek a plan through an employer with the lowest deductible, especially if the premium is low.