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Tuesday, March 17, 2009

Medical Insurance -- Saving Much On Sufficient Cover

By Chimezirim Odimba

It doesn't normally take applying very many tips to realize massive savings while enjoying sufficient coverage. It's usually small things that result in huge savings. I'll take the pains in this article to show you some of those things...

You'll pay less on health care if you take advantage of no-appointment ambulatory care centers or emergi-centers. This is especially so if you're generally healthy and find it tough to pay for traditional health insurance. And, because they're beginning to become available in larger communities, you can easily get them.

Your rate will drop if you raise your deductible. A deductible is the amount you've agreed to pay first before your insurance provider fulfills its part. Even though you're advised to choose a very high deductible, ensure it's an amount that you can easily pay.

You can have your children insured through state plans if you need to reduce your spend. There are criteria that must be met before you are considered qualified for such.

They'll either be totally free or close to that so check to see if you are qualified. If you have a child with a special ailment, you will spend less if you insure such a kid through a state plan.

For individuals who are self employed, your premiums may be tax-deductible. You may as well be entitled to a tax break if your employer offers a flexible spending account. Consult your tax professional.

Ask your agent personally about all the discounts possible with your present insurance provider. It's possible that your agent might have overlooked a discount you're eligible for. The only way to ensure this is not true in your case is by telling your agent to list out all discount that your insurance provider offers. You might get a really pleasant surprise!

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