Affordable Individual Health Insurance -- Ensure You Understand This

Are you positive you really want cheaper individual health insurance rates? If your answer is "Yes" you have to do everything within your ability to learn as many tips as there are for cheaper rates. I've got enough suggestions to help the greater majority save up to 50% on insurance...

1. There are popular name brands in the pharmaceutical niche. You'll raise your spend if you go for big brand name drugs. For those who don't know, the law demands that all drugs must have the same active agents irrespective of if they are established names or generic. Where they can have any dissimilarity is in the inactive agents.

The truth then is that you only spend more when you buy a big brand name drug and do NOT get anything extra in value. Discuss with your doctor about this.

2. You'll get more affordable individual health insurance rates if you pay by Electronic Funds Transfer (EFT). This authorizes your bank to credit your insurer with your payments automatically until you advise to the contrary. This eliminates administrative costs like those incurred when sending payment notices. This is why this attracts cheaper premium.

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 traditional individual health insurance difficult or more costly.

4. A Flexible Spending Account is helpful as you look for ways to save. It's a kind of savings account where you can save tax-free dollars for your health care needs. The good thing about this account is that it permits you to carry over the money not used into another year tax free. This gives you a tax free method of building large reserves of funds to cater for your future health needs.

5. In most cases, your routine medical check ups would not cost you a dime more as your individual health insurance plan wouuld probably include up to two free medical check ups for you yearly.

Why does this bring about savings?

Since health conditions are discovered at their early stages by doing such check ups, they are more easily nipped in the bud without much expense. You reduce the risk to your insurer by so doing.

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