Medical Insurance -- 7 Tips To Reduce Cost

Are you interested in proven steps to get inexpensive rates for coverage that won't compromise you? If this is true about you then read through this article for guaranteed tips...

1. People with excess weight attract far more expensive rates than individuals with normal weights. There's something called Body Mass Index (BMI). It is used to calculate a prospect's rates.

The higher a person's Body Mass Index rating, the more expensive their premium will be. If your BMI rating is high it simply means that your weight is too much for your height. Do your best to shed excess weight as losing as little as a few pounds could give you another BMI rating and result in more affordable rates.

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2. It's now clearly understood that smoking causes higher rates. What some might not understand is that this is also true if you use any other form of tobacco product. For example, you will pay a higher premium if you chew or snuff tobacco.

So for your health and lower rates, quit using any tobacco product.

3. A bad driving history can make you pay expensive health insurance rates. Being found guilty of traffic offences is not only bad for your auto insurance rate it also affects your health insurance premium. An individual who drives recklessly might make a claim shortly as they're more likely to need medical attention.

Hence, good driving does not only help your auto insurance, it also gives you cheap rates in health insurance. Sports cars and super bikes will increase your rates since they make you a bad risk. The higher likelihood of a crash means you could be injured and need to make a claim.

4. Don't let yourself become shortchanged by the lowest quote as you shop for low cost health insurance. What you want is not just the cheapest quote but the quote that offers the best value for its price. If the cheapest quote includes everything that is important to you, then go for it. But in situations where you don't see the right value in the cheapest rate, you will be making the right decision if you spend more to make sure you truly have the level of coverage that you really need.

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5. Purchase catastrophic health insurance rather than a regular plan if you rarely fall sick and you'll get more affordable rates. You enjoy coverage for those conditions or medical needs that could arise suddenly.

You will really love this plan if you ever have to pay huge bills due to sudden health conditions or accidents. The name really does give an idea of what it protects against. They come at very inexpensive rates.

What are normally high are the deductibles which can be as much as $2,000. But if you take into consideration the fact that you are protecting yourself from accidents or diseases that would cost tens of thousands of dollars such deductibles are not quite that much -- Relatively.

6. A Flexible Spending Account is helpful as you look for ways to save. This type of account is designed for you to save tax-free dollars specifically for your health needs. You can as well roll over any amount you did not use in a year to the next tax-free. This offers you a tax free method of building considerable reserves of funds to cater for your future health needs.

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7. Stop drinking if you want to pay lower rates. Heavy drinking makes you a bigger liability and therefore gets you higher rates.

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

How much drinking is ok for you? I cannot advise you on that since I'm not an expert on such issues.

What I'm sure of is that avoiding alcoholic beverages totally is isn't harmful to anyone. For people who can't quit completely, endeavor to drink in moderation.

It is just that for most people drinking responsibly is even more difficult than total abstinence. You can get help if you truly want to stop drinking.
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