Cheap Individual Medical Insurance: How To Bring Down Rates

There are a lot of options open to everyone who wants to get affordable individual health insurance. But at the same time, some options folks employ in order to reduce cost actually make them get less than sufficient coverage. But in this article, I'll share a few time-tested tips for paying less while you have adequate coverage....

1. You'll attract higher individual health insurance premiums simply because your occupation exposes you to much hazards. You can lower your rates if you choose another profession that does not expose you to hazards. Since a salesperson in a a bookshop isn't exposed to any health hazards like a nuclear plant worker, he or she would pay much lower rates.

2. What amount can you pay out of your pocket each time you visit the doctor? Such an amount which you contribute is known as your co-pay. Your rate will be more affordable if you choose a higher co-pay. You're seriously advised to opt for a high co-pay if you go to your doctor only once in a very long period.

3. A group plan is less expensive than an individual plan. Don't miss it if you're in a position that gives you the option to use a group plan as it typically means that you'll pay less. It becomes even more so if you're overweight, a smoker or an older person.

This is also applicable to people who have health conditions that attract very costly premiums. A group plan is a good way to lower your premium without bringing down the quality of coverage you will enjoy.

4. While shopping for affordable individual health insurance make sure that you don't get carried away by just the cheapest rate. What you want is not merely the cheapest quote but that which offers the best price to value ratio. And, shopping the right way is the key to getting the best rate to value ratio. But be ready to pay a little more if need be to buy adequate coverage.

5. Being flexible in the choice of doctors and health care facilities you can use will lead to cheaper rates. For you to get the most affordable rates you may be compelled to use doctors and hospitals that belong to a particular group or network. This may mean you'll have to wave goodbye to your favorite doctor.

But in your flexibility don't joke with the quality you get.

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