Affordable Individual Health Insurance -- Ensure You Understand The Following Tips

Do you want to pay less? If answered "Yes" you need to do all within your power to find out as many tips as as possible for cheaper rates. I've provided enough ideas to help the greater majority make savings of more than 50% on insurance...

1. There are popular name brands in the pharmaceutical sector. Medicines that are so popular are more expensive than comparable drugs and so increase what you spend. But will you believe it if I told you that all generic drugs are expected by law to include the exact same measure of active ingredients as brand name drugs? Where they can have any dissimilarity is in the inactive agents.

Therefore, by going for brand names you surely aren't getting more value in spite of the fact that you are paying a lot more. Discuss with your doctor about this.

2. Electronic Funds Transfer, known as EFT is a smart way to lower your individual health insurance premium. This simply means your insurer takes your premiums automatically from your account each month without mailing you payment notices. This reduces administrative costs like those involved in sending payment notices. An insurance provider passes part of what they save to you by bringing down your premium.

3. If you find it hard to locate a traditional health insurance carrier because of a pre-existing ailment you can apply for COBRA insurance. For those who don't know COBRA is the abbreviation for Consolidated Omnibus Budget Reconciliation Act of 1985.

4. A Flexible Spending Account is invaluable in your quest to reduce your spend. This type of account is designed for you to save tax-free dollars specifically for your health needs. Any money not used could be rolled over into the succeeding year (still tax free). This gives you a tax free way of building large reserves of funds for your health needs.

5. The greater number of individual health insurance plans give approximately two free medical check ups.

Why does this bring about savings?

Treating an ailment at its early stage is a lot cheaper than doing so when it is already matured. And, anything that makes your insurer spend less on you makes your rates cheaper.

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