Affordable Individual Health Insurance -- Ensure You Study These Tips

Are you certain you really want more affordable individual health insurance rates? Then you have to take the time to understand the steps that you'd have to take to achieve your goal. I've provided enough suggestions to help most people make savings of over 50% on insurance...

1. There are medicines that are big brand names. Medicines that are so popular cost a lot more than equally-effective drugs with less brand recognition and so raise what you spend. But are you aware that all generic drugs are mandated by law to have the exact same percentage of active ingredients as brand name drugs? Where the dissimilarities begin and end are in their selection of inactive agents.

Therefore, by using brand names you truly aren't enjoying added value although they cost a lot more. Ask your doctor about this.

2. You'll be given more affordable individual health insurance rates if you make your payments by Electronic Funds Transfer (EFT). This authorizes your bank to credit your insurance provider with your payments automatically until you stipulate to the contrary. This saves the insurance company in many ways such as removing the cost of sending payment notices and the expense associated with processing checks. An insurance carrier gives you part of what they save by offering you lower premium.

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 standard individual health insurance difficult or too expensive.

4. If you intend to save in health insurance open a Flexible Spending Account. You can put away tax-free dollars to take care of your health needs. Any amount unused could be rolled over into the subsequent year (still tax free). You can build a considerable reserve of money for your health care needs tax-free if you have a Flexible Spending Account.

5. In most cases, your regular medical check ups would not cost you anything extra as your individual health insurance plan wouuld probably include up to two free medical check ups for you each year.

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

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

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