Affordable Individual Health Insurance -- Be Sure To Read These Tips

Are you sure you really want more affordable individual health insurance rates? If your answer is "Yes" you must do everything within your ability to find out as many ways as there are to cheaper rates. Following are proven tips that will help you lower your rate by as much as 50% if you apply them correctly...

1. There are medication that are big brand names. Medication that are so popular cost a lot more than equally-effective drugs with less brand recognition and so raise your cost. For those who don't know, the law requires that every drug must consist of the same active elements notwithstanding if they are established names or generic. The inactive ingredients are the only differences between generic drugs and brand names.

The truth remains that you only spend more when you use a big brand name drug and do NOT enjoy anything extra in value. However, consult your doctor before making this decision.

2. You'll get lower individual health insurance rates if you pay by Electronic Funds Transfer (EFT). By doing this you authorize your insurance carrier to automatically withdraw your premiums from your account when due. This eliminates administrative overheads like those involved in sending payment notices. This is why this gets you more affordable rates.

3. For people who have a pre-existing condition that makes it hard or too expensive for them to get private personal health insurance coverage, the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) insurance would offer a more affordable alternative.

4. There's a special kind of savings account called the Flexible Spending Account. You can put away tax-free dollars to cater for your health needs. You can also roll over any money you didn't use in a year to the subsequent year tax-free. You can build a considerable reserve of funds for your health care needs tax-free if you open a Flexible Spending Account.

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

In case you would like to know why this brings about lower rates, here it is...

Treating a disease at its early stage is much more cheaper than doing so when it's already full-blown. Your health insurance provider in return gives you lower rates over time since you take proactive steps to lower their risk.

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