Affordable Individual Health Insurance -- Ensure You Understand These Savings Tips

Are you sure you seriously want lower individual health insurance rates? If your answer is "Yes" you must do everything within your power to learn as many ideas as there are for cheaper rates. I've got enough tips to help the greater majority save over 50% on insurance...

1. There are popular brands in the pharmaceutical sector. You'll increase your spend if you use big brand name drugs. Just in case you don't know, the law stipulates that every drug must have the same active elements notwithstanding if they are established names or generic. Where the differences start and end are in their choice of inactive ingredients.

Therefore, by using brand names you truly aren't getting added value even though they cost a lot more. Discuss with your doctor before doing this.

2. You'll attract more affordable individual health insurance rates if you make your payments by Electronic Funds Transfer (EFT). By doing this you authorize an insurance carrier to automatically withdraw your premiums from your account at specified intervals. This removes administrative costs like those incurred when mailing payment notices. The insurance provider gives you part of what they save by bringing down your premium.

3. The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) insurance is a good option for cheap coverage if you have a pre-existing condition that makes standard individual health insurance difficult or more costly.

4. A Flexible Spending Account is invaluable as you search for opportunities to reduce your spend. It's a kind of savings account where you can put tax-free dollars for your health care needs. You can in addition carry over any money you didn't use in one year to the next tax-free. With this you can actually have a reasonable amount to take care of your health care needs.

5. In most cases, your regular medical check ups won't cost you a dime more because most individual health insurance plans wouuld likely have up to two complimentary medical check ups for you each year.

Why does this result in savings?

Since diseases are discovered at their mild stages by doing such check ups, they are more easily nipped in the bud without spending much. Your health insurance provider in return gives you more affordable rates over time since you take active steps to reduce their risk.

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