For the 47 million Americans who have to do without health insurance coverage, it isn’t a matter of not wanting the coverage but not being able to afford health insurance premiums. It’s a fact that health insurance carriers raise their rates on a regular basis. On top of that, if you don’t fit the profile of a healthy individual you can expect your health insurance quotes to be even higher. However, medical insurance isn’t something that you want to be without because the cost of medical care without coverage can potentially bankrupt you. Here are a few ideas for reducing the cost of your premiums.
The ultimate cost of your health insurance is based on several factors, a few of which are under your direct control. One factor that impacts the cost of your health insurance premiums is whether or not you have a preexisting condition. Health insurance carriers are profit minded. People with a preexisting condition submit the majority of claims to the company. To ensure they make their money, they will charge you more for your insurance coverage. Some conditions there is nothing you can do about such as asthma, diabetes or heart failure. However, there are some you can.
If you are overweight or engage in bad habits like smoking, insurance carriers will increase your insurance rates because of the high probability that you will be submitting a lot of medical claims. You can lower your health insurance premiums by eliminating these factors (e.g. lose weight,excercise or quit smoking).
Another thing you can do to reduce the cost of your premiums is to opt for a high deductible health plan or increase the deductible on your current policy. This is the amount you have to pay out of pocket before the insurance carrier will start paying your claims. Just keep in mind that you put enough money in savings to cover the gap.
Lastly, to get the lowest health insurance premiums, you will want to shop around at a number of different insurance carriers. The rates vary from insurer to insurer so it is possible to get a diverse range of quotes. However, you want to shop, compare the plans and the companies to make sure that both will be able to meet your needs. You can also work with a qualified health insurance agent who can help you with your search as well. At Insurance Medics we are all licensed agents ready to answer any of your questions and try to find the most affordable and comprehensive plan. Call Now!! 866-396-9140