Affordable Individual Health Insurance -- Make Out Time To Read These Tips

Are you positive you really want lower individual health insurance rates? If answered "Yes" you have to do everything within your power to uncover as many tips as there are for cheaper rates. I've got enough tips to help most people make savings of more than 50% on insurance...

1. There are medication that are big brand names. You'll raise your costs if you go for big brand name drugs. Just in case you don't know, the law requires that every drug must have the same active elements notwithstanding if they are established names or generic. Where they can have any difference is in the inactive agents.

This simply means that what you receive in brand name drugs is also what you get from generic drugs of similar specification. However, make sure you ask a doctor you can really trust about this before you make your final decision.

2. An easy but smart way of bringing down your individual health insurance rate is by authorizing an EFT (Electronic Funds Transfer). This process authorizes your bank to credit your insurer with your payments automatically until you stipulate to the contrary. This saves your insurer in many ways including removing the cost of sending payment notices and the expense of processing checks. This is why this attracts more affordable premium.

3. If in your case it's difficult to locate a standard 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. If you want to spend less on health insurance open a Flexible Spending Account. It is a type of savings account where you can save tax-free dollars for your health care needs. The selling point about this account is that it allows you to carry over unused funds into another year tax free. You can build a considerable reserve of funds for your health care needs tax-free if you have a Flexible Spending Account.

5. Most individual health insurance plans give about two complimentary medical check ups.

In case you want to know why this brings about lower rates, here it is...

It results in savings because the cost of dealing with health conditions in their benign stages is cheaper than malignant ailments. It costs your insurer less to do this than to treat ailments when they'll cost a lot more.

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