Affordable Individual Health Insurance -- Ensure You Understand These

Do you want cheaper individual health insurance rates? Then you need to take the time to learn the steps that you'd have to take to ensure your goal. Following are great ideas that will help you lower your rate by up to 50% if you use them right...

1. There are established name brands in the pharmaceutical niche. Medication that have such brand names are more expensive than equally-effective drugs with less brand recognition and so increase what you spend. But will you believe it if I told you that all generic drugs are expected by law to include the same measure of active agents as brand name drugs? Where the differences start and end are in their choice of inactive ingredients.

So by using brand names you surely aren't getting added value even though they cost a lot more. Discuss with your doctor about this.

2. Electronic Funds Transfer (EFT) is a smart way to bring down your individual health insurance rate. This authorizes your insurance company to automatically withdraw your payments from your account at specified intervals. This saves the insurance company in many ways including eliminating the cost of sending payment notices and the cost of processing checks. This is why this attracts more affordable premium.

3. For folks who have a longtime ailment that makes it difficult or costlier for them to find private individual health care coverage, the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) insurance would offer a cheaper alternative.

4. If you want to save in health insurance then you have a good opportunity in a Flexible Spending Account. This kind of account allows you to put away tax-free dollars specifically for your health needs. You can as well carry over any money you did not use in one year to the subsequent year tax-free. You can build a large reserve of funds for your health 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 medical check ups.

Why do check-ups bring about savings?

Since ailments are spotted at their mild stages by doing these check ups, they are more easily treated without much expense. You reduce the risk to your insurer when health conditions are quickly diagnosed.

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