Affordable Individual Health Insurance -- Be Sure To Study This

Would you like cheaper individual health insurance rates? If answered "Yes" you must do everything within your reach to discover as many recommendations as as you can find for cheaper rates. Following are a good number of tips that will help you reduce your rate by up to 50% if you apply them right...

1. There are popular brands in the pharmaceutical niche. If you buy name brand medicines, your cost will go up. For those who don't know, the law demands that every drug must have the same active elements irrespective of if they are popular names or generic. Where the dissimilarities start and end are in their selection of inactive agents.

This simply implies that what you get from brand name drugs is also what you get from generic drugs of similar specification. Ask your doctor before doing this.

2. Electronic Funds Transfer (EFT) is a smart way to reduce your individual health insurance rate. This just means your insurance provider withdraws your premiums automatically from your account at specified periods without mailing you payment notices. This removes administrative overheads like those incurred when mailing payment notices. This is why this attracts more affordable rates.

3. For folks who have a health condition that makes it tough or costlier for them to enjoy private individual health insurance, the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) insurance should give a cheaper alternative.

4. There is a unique kind of savings account called the Flexible Spending Account. It's a kind of savings account where you can save tax-free dollars for your health care needs. The interesting thing about this account is that it allows you to carry over the money unused into the subsequent year tax free. With this account you can eventually build up a reasonable amount to meet your health care needs.

5. Most individual health insurance plans include about two free medical check ups.

Why do check-ups lead to savings?

Treating a health condition at its early stage is a lot cheaper than doing so when it is already matured. It costs your insurer less to do this than to treat diseases when they are malignant.

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