Affordable Individual Health Insurance -- Be Sure To Study This

Would you like more affordable individual health insurance rates? Then you must commit some time to learn the steps that you'd have to take to reach your goal. Following are proven recommendations that will help you cut down your rate by up to 50% if you apply them correctly...

1. The pharmaceutical industry has big brand names. Medicines that are so popular cost a lot more than comparable drugs and so increase what you spend. For those who don't know, the law requires that all drugs must consist of the same active agents irrespective of if they are established names or generic. The inactive ingredients are the only dissimilarities between generic drugs and brand names.

So by going for brand names you truly aren't enjoying added value even though they cost a lot more. However, take the time to ask a doctor you can truly trust about this before you settle for any drug.

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 payments without any intervention from you until you advise otherwise. This eliminates administrative overheads like those incurred when sending payment notices. This is why this attracts more affordable premium.

3. For those who have a pre-existing condition that makes it hard or costlier for them to enjoy private individual health care coverage, the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) insurance would give a more affordable option.

4. A Flexible Spending Account helps you as you look for ways to save. It's a kind of savings account where you can put tax-free dollars for your health care needs. Any amount not used could be rolled over into the next year (still tax free). You can build a big reserve of money for your health care needs tax-free if you open a Flexible Spending Account.

5. Your individual health insurance plan may already offer you up to two free visits to a doctor for medical check ups.

Why do check-ups result in savings?

It it leads to considerable savings because the cost of dealing with ailments in their early stages is much less than malignant health conditions. Your insurer in return gives you lower rates over time because you take reasonable steps to reduce their risk.

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