It's an old saying - "Health is wealth". The most important step in maintaining this wealth is getting a health insurance policy for you and your family. But, sometimes the premiums for these policies can leave you in and out of budget. Can you really do anything to lower your premium? Read on to learn about the 5 fastest ways to lower your health insurance premium.
1. Adopt a healthy lifestyle
Living a healthy lifestyle has many benefits. Your healthy lifestyle can easily help you lower the health insurance premium. Exercise regularly, eat healthy, avoid smoking and heavy drinking - and your visits to the doctor will surely be minimized. The healthier you are, the less you are represented as a risk to the insurance company.
2. Buy at the best price available
One of the best options for maintaining your lowest premium is to go out and shop around for health care policy. This will ensure that you find the best policy available that fits your budget. Do thorough research before investing in a policy. You can get information from your friends and relatives or even from the Internet.
3. Adopt plans with higher deductibles
Insurance plans with higher deductibles tend to have lower premiums. Generally, the deductible is the amount you are expected to pay for hospital, doctor, and other medical expenses. Purchasing a plan with a higher deductible may not be a universally applicable idea. If you are generally healthy and don't get sick often, you can adopt this plan. This way you can keep your premium at a lower rate and enjoy basic healthcare facilities as well. But, if you have a history of serious and constant illness, avoid taking this plan.
4. Get a policy early in life
The premium varies to a large extent with the age of the person. Try to get a font as early in your life as possible. For example, if you buy a policy at age 25, you will pay a lower premium, but if you buy the same policy at age 50, you will end up paying a higher premium amount.
5. Get in touch with independent insurance agents
You can get help from independent insurance agents. These agents represent multiple insurance agencies and can guide you in choosing the right type of health insurance policy and then plan your premiums at an affordable rate. Since freelance agents will be competing for the business, you'll get serious offers quickly.
