Medical Insurance -- 7 Ways To Bring Down Cost

There are steps that will help you get massive savings without putting hurting yourself. Would you like to learn more about them? Then read through and apply these time-tested steps to getting better rates...

1. That excess weight will make you spend a lot in health insurance. Your BMI or Body Mass Index is a very useful factor used to calculate your risk to an insurer.

A high BMI will always attract a high rate all other things being equal. If your Body Mass Index rating is high it simply means that your weight is too much for your height. And do not think that you will get savings only when you lose fifty pounds, just losing a few pounds will lower your rates provided it lowers your BMI rating.

Insurance Quote

2. Using tobacco in any form will add to your rates. For instance, you will pay a more expensive rate if you chew or snuff tobacco.

Therefore, you'll help yourself get lower rates if you stay away from tobacco use in any form.

3. If you drive recklessly then be prepared to pay expensive health insurance rates. Speeding tickets and other traffic violations can seriously increase your health insurance premium. This is because you'll make yourself a worse risk to your insurer.

Hence, good driving doesn't only help your auto insurance, it also helps you get cheap rates in health insurance. Sports cars and power bikes will increase your rates since they make you a higher risk. The simple reason remains that you increase the chances that you'll make claims soon.

4. While shopping for low cost health insurance make sure that you don't get carried away by just the cheapest quote. You need to focus on getting a low quote that also gives you adequate coverage. And, shopping the right way is the key to landing the best price to value ratio. However, if you are asked to pay little more for the correct coverage, then do so.

Cheap Health Insurance

5. Buy catastrophic health insurance rather than the traditional policy if you rarely fall take ill and you'll get better rates. You are given coverage for those conditions or medical needs that could come up suddenly.

The best part of this policy is usually appreciated in situations where a health condition or accident makes the patient incur very high medical bills that would otherwise destroy most people's life savings. The name really does give a clue of what it protects against. The premium you pay for catastrophic health insurance is truly inexpensive.

What are usually high are the deductibles which can be as much as $2,000. But if you take into consideration the fact that you are protecting yourself from accidents or health conditions that would make you spend tens of thousands of dollars such deductibles are not really that high -- Relatively.

6. There is a unique type of savings account called the Flexible Spending Account. You can keep tax-free dollars to cater for your health needs. You can in addition roll over any amount you did not use in a year to the subsequent year tax-free. You can build a considerable reserve of funds for your health needs tax-free if you open a Flexible Spending Account.

Low Cost Health Insurance

7. Stop drinking if you want to pay lower rates. Taking alcoholic beverages makes you a bad risk and therefore increases your rates.

You well know that several health conditions can be traced to heavy drinking.

How much drinking is safe for you? Sincerely, I do not know.

But here is what I am sure of: Staying away from alcohol totally will do you much good. For people who can't stay away completely, try to drink responsibly.

The only problem is that people who say they cannot quit drinking most often cannot drink in moderation. Get help if you want to stop drinking alcohol. There are organizations that help alcoholics quit drinking.
Get Health Insurance Quotes, Compare Plans And Save Much Now!
Get Quick Free NO-Obligation Quotes Now And Save!