Healthcare Insurance -- Seven Tips To Cut Down Cost

Would you appreciate cheap rates for adequate coverage? If so, the following tips will help you achieve just that...

1. Shed excess weight and your rates will reduce. An insured's Body Mass Index (BMI) is a strong factor that determines how much a person pays as rate.

The higher a prospect's Body Mass Index rating, the more expensive their premium will be. When your BMI rating is high it shows that your weight is too much for your height. And do not think that you'll get savings only when you lose fifty pounds, just losing a few pounds will lower your rates once it lowers your Body Mass Index rating.

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2. The use of tobacco in any form will increase your rates. For instance, you'll pay a more expensive premium if you chew or snuff tobacco.

So, you will help yourself get lower rates if you avoid tobacco use in any form.

3. A bad driving history can make you pay expensive health insurance rates. Being found guilty of traffic violation is not only bad for your auto insurance rate it also affects your health insurance rates. The simple reason is that if you're such a driver, you will more probably need medical attention for crash related injuries than a very cautious driver.

You will lower your costs if you develop a the right attitude behind wheels. Fast muscle cars and power bikes will raise your rates since they make you a higher risk. The simple reason remains that you raise the chances that you'll make claims soon.

4. While looking for low cost health insurance be certain that you don't get carried away by just the lowest rate. You want a cheap quote that also offers you adequate coverage. And, shopping the right way is crucial to getting the best rate to value. Howbeit, if you are asked to pay little more for the right coverage, then pay more.

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5. If you're rarely ever ill you'll you'll save considerably by settling for catastrophic health insurance instead. This kind of policy is useful for you if you suddenly fall sick or get involved in an accident.

You'll truly appreciate this plan if you ever have to pay huge bills due to sudden diseases or accidents. That's why it's protection against catastrophic ailments or accidents. The rate you pay for catastrophic health insurance is truly cheap.

But take note that the deductibles are as high as $2,000. Be that as it may, you'll be happy to contribute such if your medical bills run up to $50,000 which is where catastrophic health insurance really shines.

6. There is a unique type of savings account called the Flexible Spending Account. It is a type of savings account where you can put tax-free dollars for your health care needs. The interesting point about this account is that it allows you to carry over the money unused into another year tax free. This gives you a tax free way of building large reserves of funds for your health needs.

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7. If you drink then your rates will be more than a similar profile that isn't a drinker. Drinking increases your health risk.

Drinking is the root cause of many diseases and that is apart from the fact that it will also increase your risk to health insurance providers.

What quantity of alcohol can you take without dire consequences? I can't really say as there are people who can take a bottle and still be okay while some will drink just a sip and things start going wrong.

But here's what I am sure of: Quitting alcohol in its totality will do you much good. If you can't stop drinking totally, drink responsibly if you want to bring down your risk to insurers.

It's just that for most people drinking in moderation is even more difficult than total abstinence. There are groups that are out to help heavy drinkers to stay away from drinking. Just search for them.
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