Affordable Individual Health Insurance -- Ensure You Read These

Are you certain you seriously want more affordable individual health insurance rates? Then you have to commit some time to learn the things you'd have to do to ensure your goal. Here are great recommendations that will help you cut down your rate by up to 50% if you use them the right way...

1. The pharmaceutical industry has big brand names. You'll increase your costs if you use big brand name drugs. But are you aware that every generic drug has the same active agents as its popular counterpart? Where they can have any dissimilarity is in the inactive agents.

This simply means that what you receive in brand name drugs is also what you get from generic drugs of similar specification. Nevertheless, consult your doctor before making this decision.

2. Electronic Funds Transfer (EFT) is a smart way to lower your individual health insurance premium. it authorizes your bank to credit your insurance provider with your premium payments automatically until you stipulate to the contrary. This removes administrative overheads like those incurred when sending payment notices. This is why this results in more affordable premium.

3. The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) insurance is a good option for affordable coverage if you have a pre-existing condition that makes regular individual health insurance hard to get or more costly.

4. There is a special type of savings account known as the Flexible Spending Account. This kind of account allows you to put away tax-free dollars specifically for your health needs. You can as well roll over any amount you did not use in one year to the subsequent year tax-free. You can build a big reserve of funds for your health care needs tax-free if you have a Flexible Spending Account.

5. The greater number of individual health insurance plans give approximately two free medical check ups.

Why does this result in savings?

It it leads to considerable savings because the cost of treating health conditions in their early stages is much less than treating full blown health conditions. You save your insurer when health conditions are quickly diagnosed.

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