Affordable Individual Health Insurance -- Ensure You Study These

Would you like cheaper individual health insurance rates? If answered "Yes" you must do everything within your power to learn as many steps as there are to cheaper rates. Here are several ideas that will help you lower your rate by up to 50% if you apply them the right way...

1. There are medicines that are popular. You'll increase your spend if you go for big brand name drugs. For those who don't know, the law stipulates that all drugs must have the same active elements whether they are brand names or generic. The inactive ingredients are the only differences between generic drugs and brand names.

The truth remains that you only spend more when you use a big brand name drug and do NOT enjoy anything extra in value. Nevertheless, discuss this with your doctor before taking this decision.

2. A simple but rewarding way of bringing down your individual health insurance premium is by authorizing an EFT (Electronic Funds Transfer). This authorizes your bank to credit your insurance provider with your premium payments without any intervention from you until you stipulate otherwise. This reduces costs by removing the necessity of payment notices or checks. An insurance carrier gives you part of what they save by offering you lower premium.

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

4. A Flexible Spending Account helps you as you search for opportunities to reduce your spend. You can save tax-free dollars to take care of your health needs. You can as well roll over any amount you didn't use in a year to the next tax-free. You can build a considerable reserve of funds for your health care needs tax-free if you open a Flexible Spending Account.

5. In most cases, your routine medical check ups won't cost you a dime more since most individual health insurance plans wouuld likely have up to two free medical check ups for you yearly.

In case you want to know why this results in more affordable rates, here it is...

It it leads to considerable savings because the cost of treating diseases in their early stages is cheaper than treating full blown ailments. It costs your insurer less to do this than to treat ailments when they are malignant.

Get Health Insurance Quotes, Compare Plans And Save Much Now!
Get Quick Free NO-Obligation Quotes Now And Save!