Knowledge can save you money on health insurance — 5 facts

Consumers can save money on health insurance if they making informed decision before next year's open enrollment period, according to U.S. News.

Here are five facts:

1. Insurers are aiming to increase premium rates on public exchanges by 20 to 40 percent.

2. A family of four will spend more than $24,600 on healthcare this year.

3. More than 60 percent of consumers stated they are sometimes confused by their out-of-pocket costs.

4. If consumers can find a balance between affordability and risk, they can better evaluate their need for medical care.

5. Consumers should seek a plan through an employer with the lowest deductible, especially if the premium is low.

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