Affordable Individual Health Insurance -- Make Out Time To Understand The Following Tips

Are you positive you really want more affordable individual health insurance rates? Then you must commit some time to learn the things you'd have to do to achieve your goal. Here are several recommendations that will help you reduce your rate by up to 50% if you apply them the right way...

1. There are popular brands in the pharmaceutical industry. If you buy such medication, your cost will go up. But are you aware that all generic drugs are required by law to have the same percentage of active ingredients as brand name drugs? The inactive agents are the only dissimilarities between generic drugs and brand names.

So by going for brand names you surely aren't enjoying added value even though you are paying a lot more. However, consult your doctor before making this decision.

2. A simple but effective way of bringing down your individual health insurance rate is by authorizing an EFT (Electronic Funds Transfer). This just means your insurance provider takes your premiums automatically from your account at specified periods without mailing you payment notices. This removes administrative overheads like those involved in sending payment notices. Your premium is therefore lowered in line with the cheaper cost of providing insurance to you.

3. The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) insurance is a good choice for cheap coverage if you have a pre-existing condition that makes regular individual health insurance hard to get or too expensive.

4. A Flexible Spending Account helps you as you look for ways to reduce your spend. It is a kind of savings account where you can put tax-free dollars for your health care needs. The interesting thing about this account is that it permits you to carry over the amount not used into the subsequent year tax free. With this account you can actually save a substantial amount to take care of your medical needs.

5. Your individual health insurance plan would likely offer you up to two free visits to a doctor for preventative health care check ups.

Why does this bring about savings?

It it leads to considerable savings because the cost of dealing with health conditions in their early stages is cheaper than treating full blown ailments. You save your insurer when health conditions are quickly diagnosed.

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