Affordable Individual Health Insurance -- Make Sure You Read These Tips

Do you want cheaper individual health insurance rates? If your answer is "Yes" you need to do all within your reach to learn as many tips as as you can find for cheaper rates. Here are a good number of recommendations that will help you bring down your rate by up to 50% if you apply them the right way...

1. There are medicines that are established. If you buy name brand medication, your cost will go up. Just in case you don't know, the law demands that all drugs must consist of the same active agents irrespective of if they are established names or generic. The inactive agents are the only differences between generic drugs and brand names.

The truth then is that you only spend more when you use an established brand name drug and do NOT get anything extra in value. But make sure you ask a doctor you can truly trust about this before you settle for any drug.

2. Electronic Funds Transfer, known as EFT is a painless way to bring down your individual health insurance rate. This authorizes your bank to credit your insurer with your premiums without any intervention from you until you stipulate to the contrary. This saves costs by eliminating the necessity of payment notices or checks. An insurance company passes part of what they save to you by offering you lower rates.

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

4. There's a unique kind of savings account known as the Flexible Spending Account. You can keep tax-free dollars to take care of your health needs. The interesting point about this account is that it permits you to carry over the money unused into the subsequent year tax free. This offers you a tax free way of building considerable reserves of funds to cater for your future health needs.

5. Your individual health insurance plan would likely offer you up to two free visits to a doctor for medical check ups.

Why do check-ups bring about savings?

It results in savings because the cost of dealing with diseases in their mild stages is much less than treating full blown diseases. This means that your health insurance provider will pay less to take care of you if ailments are diagnosed at their early stages.

Therefore, they give you lower individual health insurance rates for reducing the cost for your treatment.

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