Medical Insurance -- Seven Ways To Reduce Cost

Do you want cheap rates for the right coverage? If this is true about you then read through this article for time-tested tips...

1. People with excess weight attract far more expensive rates than people with normal weights. An insured's Body Mass Index (BMI) is a strong factor that affects what an individual pays as rate.

If your BMI rating is high, your rates will be expensive. The more overweight you are for your height and sex the higher your BMI rating will be. Put more effort into shedding excess weight because losing just a few pounds could give you another BMI rating and result in lower premiums.

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2. Using tobacco in any form will add to your rates. Chewing or snuffing tobacco, for instance will cost you in higher premiums.

Therefore, you will help yourself attract less expensive rates if you stay away from tobacco use in any form.

3. A bad driving record can make you pay expensive health insurance rates. Rough driving charges and other traffic violations can seriously add to your health insurance premium. The simple reason is that if you're such a driver, you will more probably require medical attention for crash related injuries than a very careful driver.

Improving your driving history and developing a good driving habit will reduce your premium. If you drive a fast muscle car or super bike, you will likely pay much more for health insurance. The simple reason remains that you increase the chances that you will make claims soon.

4. A very affordable rate is is desirable but it's advised that you don't become blinded by making it the only factor. What you need isn't merely the cheapest quote but that which gives you the best price to value ratio. If the cheapest quote offers everything that is important to you, then choose it. However, if you are asked to pay little more for adequate coverage, then pay more.

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5. Buying catastrophic health insurance coverage will help you make considerable savings in health insurance and is best for you if you are rarely sick. You are given coverage for those ailments or medical needs that may come up suddenly.

You'll really appreciate this policy if you ever are compelled to pay huge bills due to unforeseen health conditions or accidents. The premium paid for catastrophic health insurance is truly affordable.

But take note that it has deductibles that are as high as $2,000. Albeit, you'll be glad to contribute such if your medical bills total as high as $50,000 which is where this plan truly shines.

6. If you plan to spend less on health insurance get a Flexible Spending Account. You can save tax-free dollars to take care of your health needs. You can as well carry over any money you didn't use in one year to the next tax-free. You can build a large reserve of funds for your health needs tax-free if you open a Flexible Spending Account.

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7. If you drink then your rates will be higher than a another profile that isn't a drinker. Drinking adds to your health risk.

Drinking is the source of many ailments and that is apart from the fact that it will also increase your risk to health insurance providers.

What quantity of alcohol is safe for you? Honestly, I do not know.

What I'm sure of is the fact that quitting alcohol use is would help a lot. If you cannot stop drinking totally, drink responsibly if you want to bring down your risk to insurers.

But I am 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 organizations that help alcoholics stop drinking.
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