Average monthly premium: $485
Average silver deductible: $3,638
With a monthly premium on the same page as the national median, Colorado fares relatively well compared to other states but residents might still have to face high out-of-pocket costs in the form of health insurance deductibles. If the costs are too high to have a medical procedure performed in Colorado, you could consider going abroad, but not before doing your fair share of research.
Average monthly premium: $494
Average silver deductible: $3,200
New Mexico offers its residents a relatively low monthly premium for a silver plan and a fairly low average deductible. One way to lower your healthcare spending even further is to bundle costs. If you’ve already paid your deductibles, arrange future medical procedures for the same fiscal year. This way, you won’t have to pay the full deductible during the coming year.
Average monthly premium: $479
Average silver deductible: $3,763
If you live in North Dakota, you can deduct a portion of your medical expenses and save on taxes if you itemize your deductions. In order to claim the deductions, your medical expenses have to exceed 10 percent of your adjusted gross income, or 7.5 percent if you’re age 65 or older. Make sure you also read 14 Most Overlooked Tax Write-Offs You Don’t Want to Miss.