Medical Insurance -- 7 Ways To Cut Down Cost

Do you want cheap rates for adequate coverage? If so, the following recommendations will help you achieve just that...

1. Overweight people pay far more expensive rates than those with normal weights. There's something called Body Mass Index (BMI). It is used to calculate a prospect's premium.

A high BMI will always result in a high rate all other things being equal. You're overweight for your height and sex if your Body Mass Index is high. Do your best to shed excess weight because losing just a few pounds could give you another BMI rating which means more affordable premiums.

Insurance Quotes

2. Even though many individuals are aware that smoking increases their rates, they may not know that this also applies if they use other tobacco products. Those who snuff or chew tobacco will also pay higher rates than individuals who don't

So for your health and less expensive rates, quit using any tobacco product.

3. If you drive recklessly then be prepared to pay higher health insurance rates. If you have many speeding tickets or a history of street racing you will pay much more. Any person who drives roughly might make a claim soon as they're more likely to need medical attention.

Hence, good driving does not only help your auto insurance, it also gives you lower rates in health insurance. Fast muscle cars and power bikes will increase your rates because they make you a higher risk. This is because they will more easily cause you injuries because they have a higher risk of accidents.

4. While looking for cheap health insurance be certain that you don't get carried away by just the cheapest rate. You have to avoid a cheap quote that does not give you a good value to price ratio. And, shopping extensively is the key to getting the best rate to value. But in situations where you don't have the right value in the cheapest rate, you'll be making the right choice if you spend more to ensure you truly have the level of coverage that is right for you.

Low Cost Health Insurance

5. If you're hardly ever ill you'll save a lot by buying catastrophic health insurance instead. For folks who might not know what it is, it's a type of plan that takes care of you if you fall sick suddenly or are involved in an accident.

You'll generally appreciate this policy if you ever are compelled to pay huge bills due to unforeseen health conditions or accidents. The name surely does give an idea of what it provides coverage against. Catastrophic health insurance premiums are generally very low.

But bear in mind that it has deductibles that are as high as $2,000. Notwithstanding, you'll be happy to contribute such if your medical bills run up to $50,000. This is where catastrophic health insurance really excels.

6. There is a special type of savings account known as the Flexible Spending Account. This type of account is designed for you to save tax-free dollars mainly for your health needs. You can also carry over any money you didn't use in a year to the subsequent year tax-free. This offers you a tax free method of building considerable reserves of funds to cater for your future health needs.

Affordable Health Insurance

7. You can lower your rates by avoiding alcoholic beverages. Heavy drinking makes you a bad risk and so gets you higher rates.

Drinking is the root cause of a good number of ailments and that is apart from the fact that it will also increase your risk to health insurance companies.

What quantity of alcohol is safe for you? I cannot advise you on that since I'm not an expert on such issues.

What I'm sure of is that avoiding drinking totally is very safe. If you cannot quit completely, drink responsibly if you want to reduce your risk to insurers.

But I'm told it's more difficult to drink in moderation than it is to quit. Get help if you want to give up alcohol. There are groups that help alcoholics quit drinking.
Get Health Insurance Quotes, Compare Plans And Save Much Now!
Get Quick Free NO-Obligation Quotes Now And Save!