Affordable Individual Health Insurance -- Ensure You Understand This

Are you certain you really want cheaper individual health insurance rates? If answered "Yes" you need to do all within your reach to find out as many steps as there are to cheaper rates. I've got enough suggestions to help the greater majority save over 50% on insurance...

1. There are established brands in the pharmaceutical sector. If you buy name brand drugs, your cost will be more. But did you know that every generic drug has the same active ingredients as its big brand name counterpart? The inactive ingredients are the only differences between generic drugs and brand names.

Therefore, by going for brand names you truly aren't getting added value in spite of the fact that you are paying a lot more. Nevertheless, check this with your doctor before taking this decision.

2. Electronic Funds Transfer, known as EFT is a smart way to reduce your individual health insurance premium. it authorizes your bank to credit your insurer with your payments without any intervention from you until you stipulate otherwise. This saves an insurer's overhead by removing the need for payment notices or checks. Your rate is therefore brought down in line with the lower cost of providing insurance to you.

3. If you find it difficult to locate a traditional health insurance carrier due to a pre-existing ailment you can apply for COBRA insurance. By the way COBRA stands for Consolidated Omnibus Budget Reconciliation Act of 1985.

4. There is a unique type of savings account known as the Flexible Spending Account. It is a kind of savings account where you can save tax-free dollars for your health care needs. Any amount unused could be carried over into the next year (still tax free). With this you can eventually save a reasonable amount to take care of your medical needs.

5. Most individual health insurance plans include approximately two free medical check ups.

In case you want to know why this results in cheaper rates, here it is...

It results in savings because the cost of treating health conditions in their benign stages is much less than treating full blown health conditions. And, anything that makes your health insurance provider spend less on you makes your rates lower.

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