 TITLE: Can I Pay for Health Insurance With a Credit Card? CONTENT: Does It Make Sense to Pay for Health Insurance With a Credit Card?\n------------------------------------------------------------------\nThere can be advantages to paying your health insurance premiums with a credit card. Depending on the type of credit card you have, it could help you earn points or cash back rewards, or take advantage of bonus offers. Using a credit card may also be the most convenient choice.\nBut there are also potential drawbacks with choosing this payment method. The first is the added cost if you don't pay off the charge right away. If you carry a balance on your credit card from month to month, you will rack up interest charges on the unpaid balance. A premium payment of a few hundred dollars could end up costing you if it sits on your credit card for an extended period—especially if you use your card to pay premiums monthly and don't pay off the balance. With current credit card interest rates around 16%, those extra charges can add up fast.\nSome providers also charge a convenience fee for credit card payments. In these cases, it's better to use a debit card, check or money order to save money. Before you pay your bill, check with your provider to find out whether there are any additional charges for using a credit card. END