Health care costs have skyrocketed.
So has the amount of time people spend on their health care plans.
In 2016, the average American spent $1,000 per year on health care, a 15% increase from the previous year, according to a study by the Commonwealth Fund.
But health care costs are rising faster than wages.
The average American earned $28,837 last year, the study found, but the average employee was making only $22,072.
With an average of $1.6 trillion in health care spending, this means Americans spend more than they earn.
In some cases, they’re earning more than the cost of the plan, so that’s the reason for the increase.
What to do If you’re struggling to save up for health care or don’t know how to save, here are a few tips for getting started.
Find out where your family’s budget goes.
The Kaiser Family Foundation (KFF) provides a simple and easy way to check how much your family is spending on health insurance: go to https://www.kff.org/health-insurance-taxes/find-your-family-s-federal-tax-fees-and-fares/ and choose the “Federal” tab.
This will open up a separate tab, called “Insurance Taxes,” which is where you’ll see the amount you pay on your insurance plan.
In 2018, that would be $1 for the family of four.
If you only have one child, that number would be about $250 per month.
Find a plan that matches your income.
If the premium for your plan is more than what your income would normally be, you may be eligible for tax credits.
This means that you’ll pay less in taxes, but your insurance premiums won’t go up.
If your premiums are below your income, you can take advantage of a tax break.
You can get a tax credit if you buy a lower-cost plan that doesn’t have a deductible or co-pay.
This is called the “refundable health tax credit.”
To claim a refundable health credit, you’ll need to file a tax return.
This usually takes a few days and costs nothing.
The IRS will review your tax return and notify you if your claim is approved.
If it’s not, you won’t receive the refund.
If not, contact the IRS and make sure you’ve filed your taxes correctly.
Be patient with your premium.
The first time you sign up for a plan, you might pay a lot more for it.
The next time you do, you probably won’t be eligible to get a refund, which means you’ll have to wait longer.
Be prepared to pay more.
If health care is your main source of income, make sure to pay the full price.
If that means paying a little more each month, then you’ll be able to afford to keep your health plan.
You may not have to make a decision immediately, though.
Depending on your income and where you live, you could see benefits to signing up for an insurance plan that is lower-priced, or to signing a new health plan with a lower deductible.
If both options sound good to you, sign up now for one of these plans.