Healthcare Insurance -- 7 Ways To Cut Down Cost

Do you want cheap rates for adequate coverage? If so, these recommendations will help you reach that goal...

1. That excess weight is costing you a lot in health insurance. An insured's Body Mass Index (BMI) is a strong factor that determines how much an individual pays as rate.

A high Body Mass Index will always attract an expensive premium all other things being equal. Your weight is too much for your height and sex if your BMI is high. Do your best to shed excess weight because dropping just a few pounds could give you another BMI rating which means lower premiums.

Insurance Quote

2. It is now clearly known that smoking causes higher rates. What many might not know is that the same also applies if you use any other form of tobacco product. Chewing or snuffing tobacco, for example will cost you in higher rates.

Therefore, you'll help yourself attract cheaper rates if you stay away from tobacco use in any form.

3. If you drive recklessly then expect to pay higher health insurance rates. Rough driving charges and other traffic violations can seriously increase your health insurance premium. The simple reason is that if you are such a driver, you will most likely need medical attention for crash related injuries than a very cautious driver.

Therefore, driving better does not only help your auto insurance, it also helps you get cheap rates in health insurance. If you drive a fast muscle car or power bike, you'll likely pay a huge sum for health insurance. This is because they will more easily make you need medical attention because they have a higher risk of accidents.

4. An inexpensive premium is is desirable, however, be certain that you don't become beclouded by making it the only factor. What you need is not just the cheapest quote but that which gives you the best value for its price. And, shopping extensively is vital to getting the best price to value ratio. But be ready to pay slightly more if need be to get adequate coverage.

Cheap Health Insurance

5. Buy catastrophic health insurance rather than the traditional plan if you rarely fall sick and you'll get better rates. This kind of policy takes care of you if you suddenly fall ill or are involved in an accident.

The good thing about this policy is usually appreciated in situations where a health condition or accident makes the patient incur very high medical bills that would otherwise wipe out most people's life savings. The premium paid for catastrophic health insurance is quite inexpensive.

What are normally high are the deductibles which can be as much as $2,000. But bearing in mind that you are protecting yourself from accidents or health conditions that would cost tens of thousands of dollars such deductibles are not quite that much -- Relatively.

6. If you need to save in health insurance then you have a good opportunity in a Flexible Spending Account. This type of account allows you to put away tax-free dollars mainly for your health needs. Any money not used could be carried over into the subsequent year (still tax free). You can build a big reserve of money for your health needs tax-free if you open a Flexible Spending Account.

Health Insurance Quotes

7. Quit drinking if you want affordable rates. Drinkers pay more for health insurance.

Most health conditions are made more likely by taking alcohol.

What quantity of alcohol would have a negative effect on you as a person? I can't advise you on that since I am not an expert on such matters.

What I'm sure of is the fact that avoiding alcohol abuse is would help a lot. So you can lower your rates (Apart from reducing the likelihood of developing certain ailments) by staying away from alcohol if you can or drinking in real moderation if you can't.

But I'm told it is more difficult to drink in moderation than it is to quit. Seek help if you want to give up alcohol. There are groups that help alcoholics stop drinking.
Get Health Insurance Quotes, Compare Plans And Save Much Now!
Get Quick Free NO-Obligation Quotes Now And Save!