Healthcare Insurance -- 7 Ways To Reduce Cost

Are you interested in proven ways to get cheap rates for coverage that won't compromise you? If so, these tips will help you reach that goal...

1. Reduce you weight and your premium will reduce. Your BMI or Body Mass Index is a very important factor used to calculate your risk to an insurer.

A high BMI will always result in a high premium all other things being equal. Your weight is too much for your height and sex if your Body Mass Index is high. Do your best to shed excess weight since losing as little as a few pounds could give you another BMI rating which means cheaper rates.

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2. The use of tobacco in any form will add to your rates. For instance, you'll pay a more expensive premium if you chew or snuff tobacco.

So for your health and lower rates, stop using any tobacco product.

3. A poor driving history can make you pay higher health insurance rates. If you have many charges on rough driving or a history of street racing you'll pay much more. An individual who drives roughly might make a claim soon as they are more likely to need medical attention.

Improving your driving records and developing a good driving habit will reduce your premium. Extra powerful automobiles like fast muscle cars and super bikes will make you pay a higher health insurance premium. The simple reason remains that you raise the probability that you will make claims soon.

4. A cheap rate is good but be certain that you don't become blinded by making it the only factor. You have to avoid a cheap quote that does not offer you the desired value. Depending on your profile, you can get really low quotes that offer you the value you want if you shop well. But in cases where you don't find the right value in the lowest rate, you will be making the right decision if you pay more to make sure you truly have the quality of coverage that you really need.

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5. Buying catastrophic health insurance coverage will help you save a lot in health insurance and is best for you if you are rarely sick. For folks who might not know what it is, it's a type of policy that takes care of you if you fall sick suddenly or are involved in an accident.

The most outstanding advantage of this policy is in cases where sudden ailments or accidents result in huge bills that could at best be described as catastrophic. The name certainly does give an idea of what it protects against. They come at very affordable rates.

However, the deductibles are normally as high as $2,000 but they are definitely worth it because you hardly get sick and are getting coverage in case a catastrophic illness or accident befalls you.

6. A Flexible Spending Account is helpful as you search for opportunities to save. You can put away tax-free dollars to cater for your health needs. You can also carry over any amount you didn't use in one year to the subsequent year tax-free. With this account you can actually build up a considerable amount to meet your medical needs.

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7. If you drink then your rates will be higher than a another profile that doesn't drink. Drinking adds to your health risk.

Drinking is the source of many health conditions and that is apart from the fact that it definitely will add to your risk to health insurance providers.

How much drinking is ok for you? I cannot advise you on that since I'm not an expert on such matters.

But here's what I am sure of: Quitting alcohol totally will do you a world of good. If you cannot stay away totally, drink responsibly if you want to reduce your risk to insurers.

The only problem is that those who say they cannot help drinking most often cannot drink in moderation. There are groups that are out to help alcoholics to stay away from drinking. Simply ask about them.
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