Affordable Individual Health Insurance -- Ensure You Understand These

Are you certain you really want cheaper individual health insurance rates? If your answer is "Yes" you must do everything within your ability to learn as many ideas as as you can find for cheaper rates. I've provided enough ideas to help the greater majority save over 50% on insurance...

1. The pharmaceutical industry has established brand names. You'll raise your costs if you use big brand name drugs. But are you aware that every generic drug has the same active agents as its more established counterpart? Where the dissimilarities begin and end are in their selection of inactive agents.

This simply implies that what you get from brand name drugs is also what you get from generic drugs of the same specification. However, consult your doctor before making this decision.

2. A straightforward but effective way of lowering your individual health insurance premium is by authorizing an EFT (Electronic Funds Transfer). By doing this you authorize an insurance carrier to automatically withdraw your payments from your account when due. This saves your insurer in many ways such as eliminating the cost of sending payment notices and the cost associated with processing checks. An insurance company gives you part of what they save by bringing down your premium.

3. For individuals who have a longtime ailment that makes it difficult or costlier for them to get private individual health insurance coverage, the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) insurance should give a cheaper option.

4. A Flexible Spending Account is invaluable in your quest to reduce your spend. This type of account is meant for you to save tax-free dollars mainly for your health needs. Any amount unused could be rolled over into the subsequent year (still tax free). With this account you can eventually save a substantial amount to take care of your health care needs.

5. In the majority of cases, your routine medical check ups would not cost you a dime more because your individual health insurance plan wouuld likely have up to two complimentary medical check ups for you each year.

Why do check-ups bring about savings?

Treating a disease at its early stage is much more cheaper than doing so when it is already matured. You reduce the risk to your insurer by so doing.

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