Whether supplemented by your employer or paid out of your pocket, health insurance is an important factor in any budget.  Take the following steps to curb costs:

• Stay in-network as much as possible and obtain referrals as required.
• Avoid penalties by understanding your plan’s requirements.
• Consider opening a health savings account (HSA) and enrolling in a plan with a high deductible.
• Take advantage of a flexible spending account, if offered by your employer.  This plan lets you set aside pre-tax dollars for medical expenses.

Should you lose your job, be sure to familiarize yourself with the insurance provisions provided by COBRA, the Consolidated Omnibus Budget Reconciliation Act and Colorado’s health insurance continuation laws.