The cost of medical insurance is enough to make anyone sick and because of that many people are now in the market for affordable high risk medical insurance online. While almost anyone can save money simply by purchasing their medical insurance online, a little extra effort spent in answering a few of the questions you’ll be ask on the online price comparison websites could save you even more.
For example, setting up an automatic payment system for making your premium payments will save you money. If you are truly serious about finding affordable medical insurance then you can’t smoke or use chew or any other tobacco products. If you currently smoke you will have to stop – or accept the fact that you will always pay more for your health insurance.
Unfortunately the same goes for being overweight. If you are overweight and you seriously want to save money on your insurance then you’re going to have to try to shed at least a few pounds. The good news is that losing even a few pounds might move you down a rung on the insurance company’s Body Mass Index – and if you’re lucky enough for that to happen you could save quite a bit over the course of a year.
Group health insurance will save you money over individual insurance. If you can’t get affordable group health at your place of work try asking at any clubs, associations or organizations that you belong to. You would be surprised at the number of groups and organizations which provide this to their members.
Do not participate in dangerous sports or take part in extreme games or other dangerous activities on a regular basis. Intentionally putting your health in jeopardy will result in your paying more for your health insurance. Driving a fast and flashy sports car or a head-turning muscle car can also increase the amount you pay for yours.
And did you know that your credit rating can affect how much you pay for your health insurance? It’s true. Most insurance companies check your credit rating and the better your score the less you’ll pay for your insurance.
If you don’t see your doctor on a regular basis and are generally healthy you should definitely consider increasing your co-payment to 50%. Increasing your co-pay will reduce your monthly cost of insurance considerably.
Eating right, getting some exercise and just generally improving your health will also save you money on it as well as on your overall health care costs. Cut out all fried food, cut way back on the stops at fast food restaurants, eat more fresh fruits and vegetables and get as much exercise as possible.
Exercise, by the way, can be something as simple as walking around the block a few times a week or biking with your kids to school or biking around town to run errands. If you like company when you exercise why not join a mall-walking club? Increasing your deductible is a sure-fire way to lower your insurance cost as long as you don’t go overboard and increase your deductible to the point that you can no longer afford it.
And that brings us to our final way of saving money on your health insurance – buying your policy online. If you truly want to save the most money possible don’t stop after looking at the prices for competing policies provided by just one site. Instead, check out competing prices on at least 3 different websites.
Also, try to answer the questions on each of the websites in the same way each time. This will insure that you are comparing the same policy each time – and that is one of the keys to saving money.
But as soon as you’ve gotten the prices from at least 3 different sites your job is done – just pick the lowest price you’ve found and you can feel confident that you have found the most affordable high risk medical insurance online.