Affordable Individual Health Insurance -- Be Sure To Read This

Would you like cheaper individual health insurance rates? If your answer is "Yes" you need to do all within your reach to uncover as many steps as there are to cheaper rates. Here are proven recommendations that will help you reduce your rate by up to 50% if you use them right...

1. There are drugs that are big brand names. Medication that are well established are more expensive than equally-effective drugs with less brand recognition and so increase your cost. But are you aware that every generic drug has the same active agents as its more established contemporary? The inactive agents are the only differences between generic drugs and brand names.

This simply means that what you get from brand name drugs is the same thing you get from generic drugs of the same specification. But make sure you ask a doctor you can really trust about this before you make your final decision.

2. You'll get more affordable individual health insurance premiums if you make your payments by Electronic Funds Transfer (EFT). This simply means your insurer takes your premiums automatically from your account at specified periods without mailing you payment notices. This reduces costs by removing the necessity of payment notices or checks. Your rate is therefore reduced in line with the lower cost of providing insurance to you.

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

4. There's a unique type of savings account called the Flexible Spending Account. This type of account is meant for you to save tax-free dollars mainly for your health needs. Any money not used could be rolled over into the next year (still tax free). You can build a big reserve of funds for your health needs tax-free if you have a Flexible Spending Account.

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

In case you would like to know why this brings about cheaper rates, here it is...

Treating a disease at its early stage is a lot cheaper than doing so when it is already full-blown. And, anything that makes your health insurance provider spend less on you makes your rates lower.

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