Affordable Individual Health Insurance -- Make Sure You Study These Tips

Are you sure you seriously want lower individual health insurance rates? If answered "Yes" you need to do everything within your ability to uncover as many ways as there are to cheaper rates. I've got enough suggestions to help the greater majority make savings of over 50% on insurance...

1. The pharmaceutical industry has big brands. If you buy such drugs, your cost will be more. But will you believe it if I told you that all generic drugs are expected by law to include the exact same measure of active ingredients as brand name drugs? Where they can have any dissimilarity is in the inactive agents.

The truth then is that you only spend more when you buy an established brand name drug and do NOT enjoy anything more in value. Discuss with your doctor about this.

2. Electronic Funds Transfer (abbreviated as EFT) is a smart way to reduce your individual health insurance premium. This process authorizes your bank to credit your insurer with your premium payments without any intervention from you until you stipulate otherwise. This saves your insurer in many ways such as eliminating the cost of mailing payment notices and the cost associated with processing checks. This is why this gets you cheaper premium.

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

4. If you plan to save in health insurance open a Flexible Spending Account. It's a type of savings account where you can put tax-free dollars for your health needs. Any amount unused could be rolled over into the next year (still tax free). You can build a big reserve of money for your health care needs tax-free if you open 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.

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

It it leads to considerable savings because the cost of treating ailments in their benign stages is cheaper than malignant diseases. You save your insurer by so doing.

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