Health Insurance -- Seven Tips To Reduce Cost

Would you appreciate cheap rates for the right coverage? If so, the following tips will go a long way in helping you reach that goal...

1. That extra weight will make you spend a lot in health insurance. There's something known as Body Mass Index (BMI) which is used to calculate a prospect's premium.

If your BMI rating is high, your rates will be high. Your weight is too much for your height and sex if your BMI is high. Do your best to shed excess weight as losing as little as a few pounds could put you in another BMI rating which means more affordable rates.

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2. It is now generally understood that smoking will attract higher rates. What many might not know is that this is also true if you use any other form of tobacco product. For example, you'll attract a more expensive rate if you chew or snuff tobacco.

Therefore, you will help yourself attract cheaper rates if you avoid tobacco use in any form.

3. Believe it or not, the way you drive can have a negative effect on your health insurance rate. Rough driving charges and other traffic violations can effectively increase your health insurance premium. Any person who drives recklessly might make a claim shortly as they're more likely to require medical attention.

Improving your driving history and developing a good driving habit will lower your rates. Sports cars and power bikes will increase your premium since they make you a higher risk. The simple reason remains that you increase the chances that you will make claims soon.

4. While shopping for low cost health insurance be certain that you don't get carried away by just the lowest quote. You want a low rate that also offers you adequate coverage. And, shopping right is vital to landing the best price to value ratio. But be prepared to pay slightly more if necessary to get the right coverage for you.

Affordable Health Insurance

5. Buy catastrophic health insurance instead of the traditional policy if you hardly fall sick and you'll get cheaper rates. This kind of policy covers you if you suddenly fall ill or get involved in an accident.

You'll generally appreciate this policy if you ever have to pay huge bills due to sudden ailments or accidents. That's why it's protection against catastrophic illness or accidents. Catastrophic health insurance premiums are normally very cheap.

But take note that it has deductibles that are as high as $2,000. Notwithstanding, you'll be willing to contribute such if your medical bills run up to $50,000. This is where catastrophic health insurance really excels.

6. A Flexible Spending Account is helpful as you look for ways to save. It is a kind of savings account where you can save tax-free dollars for your health needs. Any money unused could be carried over into the subsequent year (still tax free). With this you can eventually build up a considerable amount to take care of your health needs.

Affordable Health Insurance

7. You can reduce your rates by staying away from alcoholic beverages. Drinkers spend more on health insurance.

You are aware that a good number of health conditions can be traced to heavy drinking.

What quantity of alcohol would be harmful to you as a person? Sincerely, I don't know.

What I'm sure of is that avoiding alcoholic beverages completely is very safe. So you can lower your rates (Apart from reducing the risk of developing certain ailments) by avoiding alcohol if you can or drinking responsibly if you can't.

It is just that for most people drinking in moderation is even more difficult than total abstinence. You can get help if you truly want to quit drinking.
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