Affordable Individual Health Insurance -- Make Sure You Read This

Would you like cheaper individual health insurance rates? If your answer is "Yes" you have to do all within your power to learn as many ways as there are to cheaper rates. I've provided enough tips to help the greater majority save over 50% on insurance...

1. The pharmaceutical industry has popular brand names. You'll raise your costs if you go for big brand name drugs. But are you aware that all generic drugs are expected by law to have the exact same measure of active ingredients as brand name drugs? Where the differences start and end are in their choice of inactive agents.

So by going for brand names you surely aren't enjoying added value although you are paying a lot more. However, make sure you ask a doctor you can truly trust about this before you make your final decision.

2. Electronic Funds Transfer (abbreviated as EFT) is a simple way to lower your individual health insurance premium. This authorizes your insurance company to automatically withdraw your premiums from your account at specified intervals. This saves costs by removing the necessity of payment notices or checks. An insurance carrier passes part of what they save to you by bringing down your premium.

3. For folks who have a longtime ailment that makes it tough or costlier for them to enjoy private personal health insurance coverage, the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) insurance could give a cheaper option.

4. There is a unique type of savings account called the Flexible Spending Account. This kind of account is meant for you to save tax-free dollars specifically for your health needs. The interesting point about this account is that it permits you to carry over the amount not used into another year tax free. With this account you can actually save a considerable amount to meet your medical needs.

5. The greater number of individual health insurance plans include about two complimentary medical check ups.

Why do check-ups result in savings?

It does because the cost of treating diseases in their mild stages is much less than malignant ailments. You save your insurer by so doing.

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