Healthcare Insurance -- 7 Ways To Cut Down Cost

There are steps that will help you enjoy huge savings without putting compromising quality. Would you like to learn more about them? If this is true about you then read through this write-up for time-tested tips...

1. Overweight people pay far more expensive rates than people with normal weights. An insured's Body Mass Index (BMI) is a serious factor that affects how much an individual pays as rate.

A high Body Mass Index will always get an expensive premium all other things being equal. When your BMI rating is high it shows that your weight is too much for your height. And don't think that you will get savings only when you lose 50 pounds, just dropping off a few pounds will lower your rates once it alters your Body Mass Index rating.

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2. It is now clearly known that smoking will attract higher rates. What many might not understand is that this is also true if you use any other form of tobacco product. Chewing or snuffing tobacco, for instance will cost you in higher rates.

So, you will help yourself attract lower rates if you stay away from tobacco use in any form.

3. If you drive irresponsibly then expect to pay expensive health insurance rates. If you have many speeding tickets or a record of street racing you will pay much more. This is because you'll make yourself a worse risk to your health insurance provider.

Therefore, driving better does not only help your auto insurance, it also gives you cheap rates in health insurance. Extra powerful automobiles like sports cars and power bikes will make you pay a more expensive health insurance premium. The simple reason remains that you raise the chances that you will make claims soon.

4. Don't get carried away by the cheapest rate as you shop for low cost health insurance. What you should be after isn't just the lowest quote but the quote that offers the best price to value ratio. And, shopping extensively is crucial to landing the best price to value. But be ready to pay a little more if need be to buy adequate coverage.

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5. If you are the type that is rarely ever ill you will you'll save considerably by choosing catastrophic health insurance instead. This kind of policy is useful for you if you suddenly fall ill or get involved in an accident.

The most outstanding benefit of this policy is where sudden health conditions or accidents give rise to huge bills that could at best be called catastrophic. The name really does give a clue of what it provides coverage against. The rate you pay for catastrophic health insurance is really affordable.

However, take note that it has deductibles that are as high as $2,000. Be that as it may, you'll be glad to contribute that little if your medical bills total as high as $50,000 which is where this plan truly shines.

6. A Flexible Spending Account is invaluable as you search for opportunities to save. You can put away tax-free dollars to take care of your health needs. Any money not used could be carried over into the succeeding year (still tax free). With this you can eventually build up a substantial amount to take care of your health needs.

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7. Stop drinking if you want cheaper rates. Drinking increases your health risk.

Drinking is the source of many diseases and that is apart from the fact that it will also add to your risk to health insurance companies.

What quantity of alcohol can you take without dire consequences? I can't really say as there are people who can take a bottle and still be okay while some will take just a sip and then go bersek.

What I do know is that avoiding drinking completely is very safe. If you cannot stay away totally, drink in moderation if you want to reduce your risk to insurers.

It's just that for most people drinking in moderation is even more difficult than quitting. There are groups that are out to help heavy drinkers quit drinking. Simply search for them.
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