Why So Many Americans Are Overpaying for Health Insurance (And What You Can Do About It)

Health insurance is one of the most important investments you can make for yourself and your family, but that doesn’t mean it has to break the bank. At Insurance Solutions USA (ISUSA), we speak with individuals and families every day who are surprised to learn they’re paying too much for their health coverage, or that better options are available based on their needs.

So why are so many people overpaying? Let’s explore a few key reasons — and what you can do to avoid unnecessary costs.

1. Not Reviewing Plans During Open Enrollment

Many individuals simply renew their plan year after year without reviewing their options. Whether you’re on a marketplace plan under 65, a Medicare Advantage or Supplement plan, or an employer-sponsored group plan, failing to review annually can cost you.

What you can do:
 Take advantage of Open Enrollment (or Special Enrollment if you qualify) to shop around. Plans and premiums change every year, and so do your needs.

2. Staying With the Same Medicare Supplement Company

Medicare Supplement (Medigap) plans are standardized, which means Plan G is the same whether you buy it from one carrier or another, the only difference is the price. Unfortunately, many people don’t realize they can switch carriers and pay less for the exact same coverage.

Tip from ISUSA:
 We’ve helped clients save over $1,000 per year simply by changing carriers, with no change in benefits or network access.

3. Not Working With an Independent Agency

When you work directly with one carrier, you only see their plans and pricing. An independent agency like ISUSA can provide side-by-side comparisons of multiple insurance companies across ACA marketplace plans, Medicare, dental, vision, and ancillary options to ensure you get the best value.

Why that matters:
 Insurance premiums vary widely between companies, even for identical coverage. Partnering with an independent advisor means you’re getting unbiased guidance tailored to you.

4. Overlooking Financial Assistance

Many people assume they don’t qualify for subsidies or extra help. But income-based tax credits, Cost-Sharing Reductions (CSRs), Medicare Savings Programs, and other support can dramatically reduce premiums and out-of-pocket costs, even for middle-income households.

What to do:
 Get a professional benefits review. ISUSA’s licensed agents can walk you through available assistance based on your income, household size, and state.

5. Not Updating Coverage After Life Events

Marriage, divorce, relocation, retirement, or a change in employment status can all open up opportunities to switch plans, but most people don’t realize these qualify as Special Enrollment Periods.

Our recommendation:
 Whenever your life changes, re-evaluate your coverage. It’s not just about saving money, it’s about making sure your plan fits your situation.

ISUSA Is Here to Help Nationwide

Insurance Solutions USA is proud to be licensed and helping clients in all 50 states. Whether you’re:

• Looking for Affordable Care Act (ACA) marketplace coverage
• Transitioning to Medicare at age 65
• A small business needing group insurance solutions
• Or just unsure if you’re overpaying for your current plan

We’re here to help. Our mission is simple: provide honest, knowledgeable support to help you protect what matters most, your health and your finances.

📞 Call us today at 817-756-1442
 🌐 Visit us online at www.insurancesolutionsusa.com

Let’s make sure you’re not overpaying for your health insurance.