Finding cheap medical insurance has become a national mania. It seems that everyone needs to cut the cost of their medical insurance. Fortunately there are several things that almost everyone can do to lower the cost of their traditional medical insurance - and then there is a fairly new, cheap, high risk medical insurance plan that you may want to consider.
First, a few things you can do to lower the cost of your traditional medical insurance.
Don't buy individual medical insurance if you can avoid it. Group medical insurance is much less expensive. If your place of employment doesn't offer group health insurance ask around at any clubs or fraternities or groups or associations that you belong to. Many organizations that have absolutely nothing to do with insurance offer their members a low-cost group health plan. If you don't belong to any clubs that offer their members group health, see if any of your friends or family do. If so - join!
Don't smoke. Don't use chew. How many times have you been told how bad for your health tobacco products are? Now here's where smoking or using chew is going to cost you extra - a lot extra. If you're serious about saving money on your health insurance then you'll have to get serious about quitting tobacco products.
Weight is another factor in how much you are going to pay for your health insurance. Your Body Mass Index (BMI) will help determine how much you pay every month for your insurance. Losing weight is really tough, but if you can drop even a few pounds there is the possibility that you will drop down one rung on the insurance company's BMI scale and if that happens it's just possible that you could save hundreds of dollars each and every year on your health insurance.
Don't participate regularly in extreme or dangerous sports. Also, if you drive a sports car or any other high-performance vehicle you may very well end up paying more for your health insurance.
Upping your co-payment to 50% will also save you money. This is an especially good idea for people who do not see their doctor on a regular basis.
Increasing your deductible will save you money almost instantly. If you can afford a larger deductible you'll save money month after month.
For people who still can't afford health insurance there is one other alternative - sign up for an HSA account. HSA stands for Health Savings Account. This is a tax-free savings account that can only be used to pay for medical related expenses. As part of your HSA you will be required to purchase a low-cost super-high-deductible health insurance policy. This policy will have a deductible of at least $1,100 if you are an individual or $2,200 if you are insuring a family.
Obviously these insurance policies will not pay anything toward your medical bills in a normal year - that's what your tax-free savings account is for. Where these policies shine is if you are suddenly faced with a catastrophic event which results in tens or even hundreds of thousands of dollars in medical bills. Your high-deductible policy will then protect your home and other assets and pay your bills.
You can lean more about HSA accounts from your bank or credit union, any health insurance company and even from your employer.
If you are interested in sticking with more traditional health insurance, but you need to save money on it, then use the information you have learned from this article to help you fill out the forms on at least 3 different websites that permit you to compare the prices of health insurance from different companies head-to-head.
Remember to take the extra time and make your comparisons on 3 sites and also make sure that you answer the questions on all 3 sites the same way. This way you will be comparing the same health policy on every site.
As soon as you have all the results simply compare the prices and choose the lowest price you find. That's all there is to it. You are now an expert at finding cheap high risk medical insurance in your state.
High Deductible Medical Insurance
The high cost of medical insurance here in Arizona is driving thousands of individuals and families to scramble frantically for cheap high risk medical insurance. If you are among those frantically searching for it that you can afford there is some good news. There are there specific actions you can take to reduce the cost of your traditional medical insurance, often by 25% or even more!
Let's start with some simple steps you can take. Paying your premium automatically from your savings or checking account every month saves the insurance company the cost of sending you a bill and they are happy to pass a good portion of that savings on to you.
You can also save a lot (and feel better) if you eat right and get some exercise. If you're really serious about saving money on it then get serious about dropping fast food restaurants and getting some exercise. You know that eating high calorie, high fat hamburgers and French fries isn't good for you. You know that they contribute to weight problems, high blood pressure, diabetes and a whole host of other ills. So stop eating at places like that. The healthier you are the less you're going to need medical care and the less you are going to pay for your health insurance.
And get a little exercise. Just walking around the block a few times each week, or riding a bike to do a few errands, or joining a group that walks around the mall in the mornings... ANYTHING that will get you on your feet and moving will be a help.
If you don't see your doctor often why not increase your co-payment from 25% to 50%? Doing that will save you quite a bit on the cost of your health insurance premium.
Similarly, if you can afford to increase your yearly deductible you can save a lot on the monthly cost of your health insurance.
And one of the surest ways of saving money and finding the cheapest health insurance is to buy your insurance online. It's true. Online sellers have a huge advantage over their brick and mortar cousins because they have almost no overhead and so they are able to pass tremendous savings on to you. In fact, you can sometimes save as much as 25% simply by buying it online.
Searching for medical insurance online can seem like a chore, but it doesn't have to. It can be quick and easy if you find a site that allows you to fill out 1 form and then in turn it will give you multiple quotes from reputable insurance companies nationwide. This is the fastest way to find a quote that will definitely suit your needs.
The site we highly recommend is for the best insurance information online and to get the highest quality insurance quotes out there! After you fill out an easy 5-minute form you will receive multiple quotes from the best insurance companies in the country.
