Affordable Individual Health Insurance -- Be Sure To Understand The Following Tips

Would you like more affordable individual health insurance rates? If answered "Yes" you have to do everything within your reach to discover as many steps as there are to cheaper rates. Here are great recommendations that will help you reduce your rate by as much as 50% if you apply them correctly...

1. There are medicines that are big brand names. Medication that have such brand names cost a lot more than equally-effective drugs with less brand recognition and so increase what you spend. Just in case you don't know, the law demands that all drugs must consist of the same active elements notwithstanding if they are established names or generic. The inactive ingredients are the only differences between generic drugs and brand names.

This simply suggests that what you get from brand name drugs is the same thing you get from generic drugs of similar specification. Discuss with your doctor before doing this.

2. A straightforward but rewarding way of reducing your individual health insurance premium is by authorizing an EFT (Electronic Funds Transfer). This process authorizes your bank to credit your insurance provider with your premium payments without any intervention from you until you advise to the contrary. This saves your insurer in many ways including removing the cost of sending payment notices and the expense associated with processing checks. The insurance carrier passes part of what they save to you by reducing your rates.

3. For those who have a pre-existing condition that makes it difficult or too expensive for them to find private personal health insurance, the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) insurance could provide a cheaper alternative.

4. A Flexible Spending Account is helpful as you look for ways to save. You can keep tax-free dollars to cater for your health needs. Any money unused could be carried over into the subsequent year (still tax free). You can build a big reserve of money for your health needs tax-free if you have a Flexible Spending Account.

5. The greater number of individual health insurance plans include approximately two complimentary medical check ups.

Why does this bring about savings?

It results in savings because the cost of treating health conditions in their benign stages is much less than treating full blown diseases. You reduce the risk to your health insurance provider by so doing.

Get Health Insurance Quotes, Compare Plans And Save Much Now!
Get Quick Free NO-Obligation Quotes Now And Save!