Affordable Individual Health Insurance -- Make Sure You Understand The Following Tips

Are you positive you seriously want cheaper individual health insurance rates? Then you must take the time to understand the things you'd have to do to reach your goal. Here are several recommendations that will help you bring down your rate by up to 50% if you apply them correctly...

1. There are drugs that are established. If you buy such medication, your cost will go up. But did you know that all generic drugs are required by law to include the same measure of active ingredients as brand name drugs? Where the dissimilarities begin and end are in their choice of inactive agents.

This simply implies that what you get from brand name drugs is also what you get from generic drugs of the same specification. Ask your doctor about this.

2. A straightforward but rewarding way of bringing down your individual health insurance premium is by authorizing an EFT (Electronic Funds Transfer). This process authorizes your bank to credit your insurance provider with your payments automatically until you advise otherwise. This saves your insurer in many ways such as removing the cost of mailing payment notices and the cost associated with processing checks. Your premium is therefore lowered to reflect the cheaper cost of giving you insurance.

3. For people who have a longtime ailment that makes it difficult or too expensive for them to get private individual health insurance coverage, the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) insurance should offer a more affordable alternative.

4. If you plan to save in health insurance get a Flexible Spending Account. It is a type of savings account where you can save tax-free dollars for your health needs. Any amount not used could be carried over into the next year (still tax free). With this account you can actually build up a reasonable amount to take care of your medical needs.

5. In most cases, your regular medical check ups would not cost you a dime more as your individual health insurance plan wouuld likely have up to two complimentary medical check ups for you each year.

In case you would like to know why this results in cheaper rates, here it is...

It does because the cost of dealing with ailments in their early stages is much less than malignant health conditions. And, anything that makes your health insurance provider spend less on you makes your rates more affordable.

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