Affordable Individual Health Insurance -- Be Sure To Understand These Tips

Do you want cheaper individual health insurance rates? If answered "Yes" you have to do everything within your reach to discover as many recommendations as there are for cheaper rates. I've provided enough suggestions to help most people make savings of over 50% on insurance...

1. There are medication that are popular. You'll raise your costs if you use big brand name drugs. For those who don't know, the law demands that all drugs must consist of the same active agents irrespective of if they are established names or generic. Where the differences start and end are in their selection of inactive agents.

Therefore, by buying brand names you surely aren't getting more value in spite of the fact that they cost a lot more. However, make sure you ask a doctor you can truly trust about this before you settle for any drug.

2. A simple but smart way of reducing your individual health insurance rate is by authorizing an EFT (Electronic Funds Transfer). This just means your insurer takes your premiums automatically from your account each month without mailing you payment notices. This eliminates administrative overheads like those incurred when mailing payment notices. Your premium is therefore brought down in line with the lower cost of giving you insurance.

3. For individuals who have a pre-existing condition that makes it tough or too expensive for them to enjoy private personal health insurance coverage, the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) insurance would offer a more affordable option.

4. There's a special kind of savings account called the Flexible Spending Account. You can save tax-free dollars to take care of your health needs. The interesting thing about this account is that it permits you to carry over the amount unused into the subsequent year tax free. You can build a considerable reserve of money for your health care 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 preventative health care check ups.

Why does this lead to savings?

Treating a disease at its early stage is a lot cheaper than doing so when it's already full-blown. Your insurer in return gives you more affordable rates over time because you take reasonable steps to reduce their risk.

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