Health Insurance is defined as insurance to protect your health if any health program occurs in unforeseen future. It normally pays for medical expenses. It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs. It may be provided through a government-sponsored social insurance program but only basic coverage, or from private insurance companies. It is wise to purchase comprehensive health insurance policy addition to your government coverages. A health insurance policy is a contract between an insurer and an individual or a group, in which the insurer agrees to provide specified health insurance at an agreed-upon price the premium.
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How to Save Money on Health Insurance - Lowering Your Premiums
By Jared J. Balis
There are a few simple ways to save money on your health insurance premiums. By following these simple steps you can optimize your coverage and lower your monthly premium.
Raise Your Deductible
By raising your deductible you can keep quality major medical coverage and lower your monthly premium. When you raise your deductible you are telling your health insurance company that you will take on more risk up front, before they are responsible to cover your medical expenses. Because you are willing to do this, the health insurance company will most likely give you a significant rate reduction. Most of the time it's fast and easy to raise your deductible. Call your agent or your insurance company and make the request.
Switch Health Insurance Companies
You can save money on your monthly premiums by switching insurance companies. Different insurance companies determine their monthly premiums differently. For instance, some companies charge for a family whether you have three or seven children. Other companies charge you for three children if you only have three children. They charge you for seven if you have seven. It's important to make sure the company you are insured with has a rating structure that is favorable for you or your family.
Re-Apply
Many health insurance companies will allow you to re-apply you apply for the same plan you are currently on, to lower your rate and keep the same coverage. When you apply for health insurance, the insurance company puts you in a group of individuals and families. Over time that group of people end up with medical expenses and claims. When your plan renews each year, your rate increases because of medical inflation, but also to cover the collective claims in your group. Re-applying allows you to put yourself into a new group that is freshly underwritten, so you are only paying for inflation on your annual renewal, not existing medical claims for your original group. It makes sense to reapply every two or three years.
Follow these three easy steps to saving money on your health insurance premiums. Find out how much you can save by completing this simple form and requesting a free quote.
Also, to learn more about plans that can save you a significant amount of money each month, visit my catastrophic health insurance site. While you're there, be sure to claim your free copy of my eBook titled "Seven Money-Saving Health Insurance Tips.
If you found this article helpful, I would appreciate your help in rating it using the five star rating system below. Thank you and good luck in your search for an affordable health plan!
Article Source: http://EzineArticles.com/?expert=Jared_J._Balis
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Cheap Health Insurance - Get the Right Policy and Don't Overpay
By Gary Pierce
Cheap health insurance is obtainable. Good health insurance is also obtainable.
The key is to get the right policy and most important do not overpay.
Up front realize that I hate to pay for insurance of any kind. It is one of my biggest monthly expenses. When I do purchase health insurance I make sure I pay as little as possible.
The very best cheap health insurance is to stay healthy. It is not all that difficult to get regular exercise and to eat properly. The more attention you pay to these areas the less you will have to pay for insurance. You will feel better physically and feel better mentally because you know you are taking care of the only body you have.
If you take those two steps you won't be needing the same type of insurance that a person who does not exercise and eat right.
It is common sense, if you know you are taking care of yourself, you can get by with catastrophic insurance. These are high deductible, you pay for all doctor visits and drugs (hopefully you don't need any), these policies have the cheapest premiums. Your healthy lifestyle gives you the best cheap health insurance.
By catastrophic we mean an unexpected illness or injury. If you are diagnosed with a serious disease you won't be wiped out financially.
Having no insurance at all when you could afford a catastrophic policy is just too risky. It is easy to find out how little they cost.
So how do you get the right policy and pay the least money?
Simple ...you go online and provide your zip code, gender, smoke or not, and whether or not you are a student. That is it. The thing I like is no phone number is required...in less than a minute you will have a 100 plus quotes, with premium costs. Now that is comparison shopping.
If you zero in on a certain cheap policy you can find out instantly if your current doctor will take this policy. Then and only then do you fill out an application...the other way you give your life story to a salesman who then may come back with an expensive premium. Don't waste your time.
Interested? It is free, no obligation. Cheap health insurance is easily obtainable.
Gary Pierce is the webmaster of http://www.frugal-retirement-living.com. He retired early at 49, he is still retired at 63. He has experience in lifestyles that are both fulfilling and frugal. Get cheap health insurance here. It is 2009 and many are wondering if they can ever retire. Don't give up until you check out this website. Enjoy.
Article Source: http://EzineArticles.com/?expert=Gary_Pierce
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