Affordable Individual Health Insurance -- Make Out Time To Read These Savings Tips

Are you certain you seriously want cheaper individual health insurance rates? If answered "Yes" you have to do everything within your power to discover as many tips as there are for cheaper rates. I've provided enough tips to help the greater majority make savings of over 50% on insurance...

1. There are medication that are big brand names. You'll raise your costs if you go for big brand name drugs. But are you aware that all generic drugs are mandated by law to include the exact same percentage of active ingredients as brand name drugs? The inactive ingredients are the only differences between generic drugs and brand names.

This simply implies that what you get from brand name drugs is also what you get from generic drugs of the same specification. Nevertheless, make sure you ask a doctor you can truly trust about this before you make your final decision.

2. You'll be given more affordable individual health insurance premiums if you pay by Electronic Funds Transfer (EFT). This authorizes your insurance company to automatically withdraw your payments from your account when due. This reduces administrative costs like those involved in mailing payment notices. This is why this gets you cheaper rates.

3. If in your case it's difficult to find a willing traditional health insurance carrier because of pre-existing sickness you can apply for COBRA insurance. Just by the way COBRA stands for Consolidated Omnibus Budget Reconciliation Act of 1985.

4. A Flexible Spending Account is helpful in your quest to save. You can put away tax-free dollars to take care of your health needs. The selling point about this account is that it permits you to roll over unused funds into the subsequent year tax free. This offers you a tax free method of building big reserves of funds to cater for your future health needs.

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

In case you want to know why this results in more affordable rates, here it is...

Since diseases are diagnosed at their mild stages by doing such check ups, they are more easily treated without much expense. It costs your insurer less to do this than to treat diseases when they'll cost a lot more.

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