Affordable Individual Health Insurance -- Make Out Time To Understand These Tips

Would you like more affordable individual health insurance rates? If answered "Yes" you need to do everything within your reach to discover as many steps as there are to cheaper rates. I've got enough tips to help most people save more than 50% on insurance...

1. There are popular name brands in the pharmaceutical sector. If you buy name brand medication, your cost will be more. But will you believe it if I told you that all generic drugs are required by law to have the same percentage of active agents as brand name drugs? Where the dissimilarities begin and end are in their selection of inactive ingredients.

Therefore, by buying brand names you truly aren't getting added value even though they cost a lot more. However, consult your doctor before making this decision.

2. Electronic Funds Transfer (abbreviated as EFT) is a simple way to reduce your individual health insurance rate. By doing this you authorize an insurance carrier to automatically withdraw your premiums from your account when due. This saves your insurer in many ways including removing the cost of mailing payment notices and the cost of processing checks. Your insurance carrier passes part of what they save to you by offering you lower rates.

3. The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) insurance is a good alternative for cheap coverage if you have a pre-existing illness that makes regular individual health insurance hard to get or too expensive.

4. A Flexible Spending Account is invaluable as you search for opportunities to make massive savings. This kind of account allows you to save tax-free dollars mainly for your health needs. You can as well roll over any amount you did not use in a year to the next tax-free. This offers you a tax free way of building large reserves of funds for your health needs.

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

Why do check-ups bring about savings?

Since health conditions are diagnosed at their benign stages by doing these check ups, they are more easily nipped in the bud without much expense. Your health insurance provider in return gives you more affordable rates over time because you take active steps to lower their risk.

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