Affordable Individual Health Insurance -- Ensure You Read These Tips

Are you certain you really want more affordable individual health insurance rates? Then you must take the time to understand the things you'd have to do to reach your goal. Here are several recommendations that will help you cut down your rate by up to 50% if you use them the right way...

1. There are established name brands in the pharmaceutical sector. Medication that are well established are more expensive than comparable drugs and so raise what you spend. For those who don't know, the law requires that all drugs must consist of the same active elements irrespective of if they are popular names or generic. Where the dissimilarities begin and end are in their selection of inactive agents.

So by buying brand names you truly aren't getting more value even though they cost a lot more. Nevertheless, take the time to ask a doctor you can really trust about this before you settle for any drug.

2. Electronic Funds Transfer (abbreviated as EFT) is a simple way to lower your individual health insurance premium. By doing this you authorize an insurer to automatically withdraw your premiums from your account at specified intervals. This eliminates administrative costs like those involved in mailing payment notices. This is why this results in cheaper rates.

3. If you find it hard to find a willing traditional health insurance provider because of an unfavorable medical history you can apply for COBRA insurance. For those who don't know COBRA is the abbreviation for Consolidated Omnibus Budget Reconciliation Act of 1985.

4. There's a unique kind of savings account called the Flexible Spending Account. You can put away tax-free dollars to cater for your health needs. Any money not used could be carried over into the subsequent year (still tax free). You can build a considerable reserve of funds for your health care needs tax-free if you open a Flexible Spending Account.

5. Most individual health insurance plans include about two complimentary medical check ups.

Why does this result in savings?

It does because the cost of nipping health conditions in their early stages is cheaper than treating full blown health conditions. This means that your health insurance carrier will spend less to take care of you if health conditions are diagnosed at their early stages.

So they give you cheaper individual health insurance rates for reducing the cost for your treatment.

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