Medical Insurance -- Proven Steps To Big Savings
A report proves that not up to two out of every 10 Americans have health insurance coverage of any class. This is based on a report by the American Census Bureau. And this would have been worse but to the contrary,it was group health plans that have made health insurance cheap enough for most of people who have it.
This raises a big issue as this means that many Americans would be without health on account of the withdrawal of group health insurance by many businesses. The increasing cost of health care is the reason for this new development.
The only way left for those who would like to have a health insurance coverage would be to get individual health insurance. And since it will typically cost a lot more to get individual health insurance, steps to savings on health insurance would be helpful.. I'll reveal a number of ways that will help you reduce your health insurance rates...
1. Smokers get rates that are twice or more that of people who don't smoke. Smokers are more liable to die untimely and are also more likely to contract many harmful diseases.
It costs insurance carriers a lot more to give health insurance to smokers on account of their high risk. If you can stop smoking you will get rates that are considerably lower when you reapply after 12 months.
2. That excess weight is costing you a lot in health insurance. An insured's Body Mass Index (BMI) is an important factor that affects what you pay as rate.
A high BMI will always get a high premium all other things being equal. The more extra weight you have for your height and sex the higher your Body Mass Index rating will be. Now don't postpone it for when you can lose thirty pounds since shedding 5 pounds can drop you into a lower BMI rating which leads to lower rates.
3. The use of tobacco in any form will increase your rates. For instance, you'll attract a higher premium if you chew or snuff tobacco.
So, you will help yourself attract lower rates if you stay away from tobacco use in any form.
4. If you opt to pay your premiums monthly, you'll attract more expensive rates. You may be told paying monthly is easy but what you don't know is how much extra you pay for this.
There are transaction fees that are attached to processing a check. For 12 checks (that is, your monthly payments) you will have a total of 12 transactions. This implies that you'll pay transaction fees 12 times.
That's one side of it: Insurers also incur higher administrative costs for your monthly payments. For example, it costs insurance companies millions of dollars yearly to send out payment notices.
These costs plus a profit margin for this "value-added service" is added to your rates making it higher than a similar profile that pays annually every year.
5. Individuals who elect to participate in extreme sports certainly have rates that are costly. It is therefore imperative to quit such dangerous sports if you want lower rates.
6. Take it or not, your driving culture can affect your health insurance rates negatively. Rough driving charges and other traffic offences can seriously increase your health insurance premium. The simple reason is that if you're such a driver, you will more probably require medical attention for injuries than a very cautious driver.
You'll lower your rates if you develop a good habit behind wheels. Extra powerful automobiles like fast muscle cars and power bikes will attract a more expensive health insurance premium. The higher likelihood of a crash means you could be wounded and need to make a claim.
7. People whose lines of duty expose to hazards attract less affordable premiums. You will pay more affordable rates if you leave a hazardous vocation for a non-hazardous one. If your work exposes you to hazardous chemicals, for example, your rates will be much higher than that given to a comparable profile who maybe works as a cashier in an office.
8. The amount you're prepared to contribute to payments for each time you see the doctor has an effect your premium. This is known as your co-pay. The higher the amount you choose as your co-pay, the lower your premium will be. This is highly recommended for those who rarely have to see a doctor.
9. A group plan is less expensive than an individual plan. Therefore take advantage of it if you have access to it.. The higher your risk the more you'll save if you can use a group plan.
This also applies to individuals who have pre-existing medical conditions that attract very costly premiums. A group plan is a good way to lower your rate without bringing down the quality of coverage you will enjoy. - 23211
This raises a big issue as this means that many Americans would be without health on account of the withdrawal of group health insurance by many businesses. The increasing cost of health care is the reason for this new development.
The only way left for those who would like to have a health insurance coverage would be to get individual health insurance. And since it will typically cost a lot more to get individual health insurance, steps to savings on health insurance would be helpful.. I'll reveal a number of ways that will help you reduce your health insurance rates...
1. Smokers get rates that are twice or more that of people who don't smoke. Smokers are more liable to die untimely and are also more likely to contract many harmful diseases.
It costs insurance carriers a lot more to give health insurance to smokers on account of their high risk. If you can stop smoking you will get rates that are considerably lower when you reapply after 12 months.
2. That excess weight is costing you a lot in health insurance. An insured's Body Mass Index (BMI) is an important factor that affects what you pay as rate.
A high BMI will always get a high premium all other things being equal. The more extra weight you have for your height and sex the higher your Body Mass Index rating will be. Now don't postpone it for when you can lose thirty pounds since shedding 5 pounds can drop you into a lower BMI rating which leads to lower rates.
3. The use of tobacco in any form will increase your rates. For instance, you'll attract a higher premium if you chew or snuff tobacco.
So, you will help yourself attract lower rates if you stay away from tobacco use in any form.
4. If you opt to pay your premiums monthly, you'll attract more expensive rates. You may be told paying monthly is easy but what you don't know is how much extra you pay for this.
There are transaction fees that are attached to processing a check. For 12 checks (that is, your monthly payments) you will have a total of 12 transactions. This implies that you'll pay transaction fees 12 times.
That's one side of it: Insurers also incur higher administrative costs for your monthly payments. For example, it costs insurance companies millions of dollars yearly to send out payment notices.
These costs plus a profit margin for this "value-added service" is added to your rates making it higher than a similar profile that pays annually every year.
5. Individuals who elect to participate in extreme sports certainly have rates that are costly. It is therefore imperative to quit such dangerous sports if you want lower rates.
6. Take it or not, your driving culture can affect your health insurance rates negatively. Rough driving charges and other traffic offences can seriously increase your health insurance premium. The simple reason is that if you're such a driver, you will more probably require medical attention for injuries than a very cautious driver.
You'll lower your rates if you develop a good habit behind wheels. Extra powerful automobiles like fast muscle cars and power bikes will attract a more expensive health insurance premium. The higher likelihood of a crash means you could be wounded and need to make a claim.
7. People whose lines of duty expose to hazards attract less affordable premiums. You will pay more affordable rates if you leave a hazardous vocation for a non-hazardous one. If your work exposes you to hazardous chemicals, for example, your rates will be much higher than that given to a comparable profile who maybe works as a cashier in an office.
8. The amount you're prepared to contribute to payments for each time you see the doctor has an effect your premium. This is known as your co-pay. The higher the amount you choose as your co-pay, the lower your premium will be. This is highly recommended for those who rarely have to see a doctor.
9. A group plan is less expensive than an individual plan. Therefore take advantage of it if you have access to it.. The higher your risk the more you'll save if you can use a group plan.
This also applies to individuals who have pre-existing medical conditions that attract very costly premiums. A group plan is a good way to lower your rate without bringing down the quality of coverage you will enjoy. - 23211
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Get more tips here: California health insurance online quote and Colorado family health insurance. Chimezirim Odimba helps you pay less for more.
posted by X - Men @ 12:41 AM
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