Health Insurance -- Seven Ways To Reduce Cost

Are you interested in sure-fire ways to get low rates for coverage that won't cause you heartache down the road? Then read through and apply these highly effective tips for getting better rates...

1. People with excess weight pay far more expensive rates than people with normal weights. There's something known as Body Mass Index (BMI). It is used to determine a prospect's premium.

The higher a prospect's Body Mass Index rating, the higher their premium will be. Your weight is too much for your height and sex if your Body Mass Index is high. Put more effort into shedding excess weight since dropping even a few pounds could give you another Body Mass Index rating and result in lower premiums.

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2. Notwithstanding the fact that a good number of insurance prospects know that smoking adds to their rates, they may not know that the same is also true if they use other tobacco products. Individuals who snuff or chew tobacco will also pay higher rates than those who don't

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

3. Believe it or not, your driving culture can have a negative effect on your health insurance rate. Being found guilty of traffic offences isn't only bad for your car insurance rate it also affects your health insurance premium. This is because you will become a worse risk to your health insurance provider.

Therefore, good driving does not only save you much in your auto insurance, it also gives you lower rates in health insurance. If you use a sports car or power bike, you'll likely pay much more for health insurance. The higher likelihood of a crash means someone could be wounded and have to make a claim.

4. While looking for cheap health insurance be certain that you don't become carried away by just the cheapest rate. You don't want a very low quote that does not give you the desired value. Based on a number of factors, you can get really low quotes that offer you the value you are after if you shop right. Nevertheless, if you have to pay little more for the right coverage, then pay more.

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5. Buying catastrophic health insurance coverage will help you save a lot in health insurance and is best for you if you are the consistently healthy type. You enjoy coverage for those ailments or medical needs that may come up suddenly.

The beauty of this policy is usually appreciated in cases where an ailment or accident makes the patient incur very exorbitant medical bills that would otherwise wipe out most people's life savings. The premium paid for catastrophic health insurance is really affordable.

What are generally high are the deductibles which can be as high as $2,000. However, bearing in mind that you are getting coverage from accidents or ailments that could make you spend tens of thousands of dollars such deductibles are not quite that high -- Relatively.

6. If you want to save in health insurance then you have a good opportunity in a Flexible Spending Account. It is a kind of savings account where you can put tax-free dollars for your health needs. You can as well carry over any money you did not use in a year to the next tax-free. This gives you a tax free method of building large reserves of funds for your health needs.

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7. You can lower your rates by avoiding alcoholic beverages. Alcoholics pay more for health insurance.

Most health conditions are made more likely by taking alcohol.

How much alcohol would be harmful to you as an individual? I can't really say as there are people who can drink a bottle and still be okay while some will drink just half a glass and things start going wrong.

What I'm sure of is that avoiding drinking completely is very safe. For people who can't quit completely, try to drink responsibly.

But I'm told it's harder to drink in moderation than it is to give it up totally. Ask for help if you want to stop drinking alcohol. There are groups that help alcoholics stop drinking.
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