Affordable Individual Health Insurance -- Make Sure You Study These

Would you like to pay less? Then you must take the time to understand the steps that you'd have to take to reach your goal. I've provided enough suggestions to help the greater majority make savings of more than 50% on insurance...

1. There are medication that are popular. You'll increase your costs if you go for big brand name drugs. Just in case you don't know, the law stipulates that every drug must consist of the same active elements notwithstanding if they are brand names or generic. Where they are free to have any dissimilarity is in the inactive ingredients.

Therefore, by buying brand names you surely aren't getting more value although you are paying a lot more. Nevertheless, discuss this with your doctor before taking this decision.

2. You'll get more affordable individual health insurance rates if you pay by Electronic Funds Transfer (EFT). By doing this you authorize an 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 mailing payment notices and the expense of processing checks. Your rate is therefore lowered to reflect the cheaper cost of giving you insurance.

3. For people who have a pre-existing condition that makes it tough or costlier for them to find private personal health insurance, the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) insurance would provide a cheaper option.

4. If you intend to save in health insurance then you have a good opportunity in a Flexible Spending Account. It is a type of savings account where you can save tax-free dollars for your health care needs. You can in addition carry over any money you did not use in one year to the subsequent year tax-free. You can build a big reserve of money for your health needs tax-free if you open a Flexible Spending Account.

5. In the majority of cases, your regular medical check ups would not cost you a dime more because most individual health insurance plans wouuld likely include up to two free medical check ups for you annually.

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

Treating a disease at its early stage is much more cheaper than doing so when it is already matured. Your insurer in return gives you lower rates over time because you take proactive steps to lower their risk.

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