20 Ways to Save on Health Care

From maximizing insurance benefits to shopping for discounts to funding tax-advantaged accounts, these tips will lower your costs no matter how you get your care.

(Image credit: Illustration by Patrick George)

Even after employers pick up a substantial amount of the cost, Americans spend thousands of dollars on health care annually. Workers who use employer health insurance plans pay an average of $1,243 a year in premiums for single coverage or $5,588 for family coverage, according to the Kaiser Family Foundation. The average annual deductible is $1,644 for single coverage, and those with family coverage often have an overall deductible of at least $2,000. Annual out-of-pocket maximums may run several thousand dollars. To help relieve the pain of high health care costs, check out these 20 money savers.

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Lisa Gerstner
Editor, Kiplinger Personal Finance magazine

Lisa has been the editor of Kiplinger Personal Finance since June 2023. Previously, she spent more than a decade reporting and writing for the magazine on a variety of topics, including credit, banking and retirement. She has shared her expertise as a guest on the Today Show, CNN, Fox, NPR, Cheddar and many other media outlets around the nation. Lisa graduated from Ball State University and received the school’s “Graduate of the Last Decade” award in 2014. A military spouse, she has moved around the U.S. and currently lives in the Philadelphia area with her husband and two sons.