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Friday, July 24, 2009

Searching For Low Cost Florida Medical/Health Insurance? Try The Following Tips


A cheap Florida health care insurance rate can be achieved in a lot of ways. But while many of them may save you some money, they could leave you with insufficient coverage. This is, however, not the case with the recommendations I'll share with you in this discourse as you'll make huge savings while you maintain adequate coverage. Here they are...

1. It is profitable to be loyal to the same insurer. Some insurers will give you discounts of about five percent once you stick to them for over 3 years while others will give you discounts for staying up to five years. The longer the years you've been loyal to an insurer the higher discounts you will get.

But sometimes it's better to leave for another insurance company.

If your premium is $2,500 and you are given a 5 percent discount when you stay for up to 5 years you will pay $2,500 - (5% of $2,500 or $125) = $2,375.

But also know that your rates may be changed to reflect the rising cost of health care and more. But while you're at it, an insurer somewhere may be ready to offer a rate of $2,000 or less at the moment. If this is correct about you then you know it's wise for you to go for the more affordable offer immediately and not wait for years to become entitled to a discount that will not even save you as much.

Furthermore, in nearly all cases, most people can actually pay more affordable rates than they are currentl on Florida medical/health insurance if they shop right.. You can only be sure if this is true in your case when you obtain and compare quotes from many different Florida health insurance companies and then see where you'll gain more..

2. You can also lower your cost by registering with a group health expense sharing plan. A group expense sharing plan is a plan where a group of individuals collectively provide themselves with health insurance coverage. They are normally associated with big organizations like churches.

Rules and extent of coverage vary from group to group.

You can find out if your individual needs are catered for by such a group. You will pay far less if you locate one that you can join.

3. Are you aware of the fact that your co-pay could be more expensive than your drug cost sometimes? In some cases, it is less expensive for you to get a prescription without using your Florida health insurance. Use the option that gives you bigger savings.



4. Electronic Funds Transfer, known as EFT is a painless way to lower your rate. This simply means your insurance provider takes your premiums automatically from your account at specified periods without mailing you payment notices. This saves costs by eliminating the necessity of payment notices or checks. This is why this gets you cheaper rates.

5. You can reduce your rates by buying prescriptions online. Buying by telephone will as well get you affordable prices. Companies who sell online have lower costs than brick and mortar businesses and these means that they can and (do sell) at cheaper prices.

But to ensure you are buying from the right company, check. Simply visit BBB online and you'll know if you should buy from a specific company.

Don't forget that while we want to reduce costs we also want to stay safe. Checking with BBB online and other such services will put you on the safe side while you buy at cheaper prices online.

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