How To Reduce Health Insurance Premiums

August 28th, 2009 by instut

reduce health insurance premiumYou might have heard that you need health insurance and your health is certainly worth all the wealth in the world. However, the fact is that while your health is certainly worth more than all wealth in the world, you do not have all the wealth in the world to pay those high insurance premiums.

These health insurance premium payments can actually drive you out of your budget, leaving you to think if you can really do anything about it. Well, this is your lucky day because the fact is that you can do something about it.

Yes, you can lower your insurance premiums in five simple steps. Therefore, read on to find out what are they.

Live healthy

Making a healthy lifestyle your own has a number of benefits. The first would be that you can easily pull your health insurance premiums down. So, exercise regularly, avoid drinking or smoking, eat a balanced and healthy diet and you will not have to see your doctor often. The logic is simple here. The more healthy you are, means that you are a lesser risk to the insurance company.

Shop around

This just seems to be the mantra these days. The competition is so fierce in just about any field that you can shop around and find cheaper deals. Therefore, do some research, look around and compare prices. Go the internet; ask your friends, family for information. You will surely be able to find one that suits your budget just fine.

Go for higher deductibles

This is a sure shot regardless of your insurance type. Any insurance plan that has higher deductibles will have a lower premium. Generally, deductibles mean the amount that you are responsible for paying to the hospital, doctor or for any other bills.

However, this idea might not be suitable or applicable to everyone. For example, if you are a healthy person then you can follow this step. The reason is that this way you will be able to pay lower premiums while also availing basic facilities for health care. However, in case you are ill or have a history of illness then you should avoid this.

Start early

As you age, the policy price will also increase. Therefore, if you are young then this is the best time for you to get a good deal. This will help you save on premiums.

Seek help from independent or freelance insurance agents

These independent agents actually represent more than one insurance agency. As a result, they will be able to guide you better in picking an appropriate plan. The reason is that they will not have the benefit of a single company in mind. Therefore, they will give you a wider choice of options from which you can choose.

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