Affordable Individual Health Insurance -- Be Sure To Read These Savings Tips

Are you certain you seriously want cheaper individual health insurance rates? If your answer is "Yes" you have to do all within your power to find out as many ways as there are to cheaper rates. Following are great ideas that will help you bring down your rate by up to 50% if you use them right...

1. There are drugs that are big brand names. Drugs that have such brand names are more expensive than comparable drugs and so raise your cost. But are you aware that all generic drugs are mandated by law to include the exact same measure of active agents as brand name drugs? The inactive agents are the only differences between generic drugs and brand names.

Therefore, by using brand names you really aren't getting more value in spite of the fact that you are paying a lot more. However, make sure you ask a doctor you can truly trust about this before you settle for any drug.

2. Electronic Funds Transfer (abbreviated as EFT) is a painless way to lower your individual health insurance premium. This authorizes an insurer to automatically withdraw your premiums from your account at specified intervals. This saves costs by removing the need for payment notices or checks. Your premium is therefore brought down to reflect the lower cost of giving you insurance.

3. For people who have a longtime ailment that makes it difficult or costlier for them to enjoy private personal health insurance coverage, the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) insurance could provide a cheaper alternative.

4. If you want to save in health insurance get a Flexible Spending Account. You can put away tax-free dollars to cater for your health needs. The interesting thing about this account is that it permits you to carry over unused funds into another year tax free. You can build a considerable reserve of money for your health needs tax-free if you have a Flexible Spending Account.

5. The greater number of individual health insurance plans give approximately two complimentary medical check ups.

Why does this lead to savings?

It it leads to considerable savings because the cost of treating diseases in their early stages is cheaper than malignant health conditions. And, anything that makes your health insurance provider spend less on you makes your rates lower.

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