Cheaper Florida Medical Insurance -- Tips To Help You Get It

Everyone can enjoy low cost Florida health insurance if they understand a few things. There are simple things that will go a long way in helping you get adequate coverage at lower rates. Do you know those things? Here are some...

1. You can pay higher rates simply because your occupation exposes you to much hazards. You can bring down your premium if you change to another occupation that will not expose you to hazards. Because a clerk in a supermarket isn't exposed to any health risks like a nuclear plant staff, he or she would get cheaper rates.

2. Paying your premium yearly will result in more affordable rates than opting for monthly payments. You might be sold that monthly payments are less stressful but what you're not told is how much extra you pay for this.

If you do transactions with banks you will agree with me that each check you process is considered transaction which attracts a certain charge. For twelve payments (that is, your monthly payments) you will have a total of twelve transactions. This means that transaction fees would be twelve times more for those who pay monthly.

Apart from this, there are also administrative costs that come with the monthly payment option. For example, it costs some money to send payment notices monthly.

The additional administrative cost to an Florida medical insurance provider is ultimately borne by you (that's in addition to their own profit margin for providing such a "stressless" alternative).

3. What you're prepared to contribute to payments for each time you see your doctor affects your rate. This is referred to as your co-pay. Your premium will be cheaper if you choose a higher co-pay. If you hardly ever need to see a doctor, you will make much savings by choosing a high co-pay.

4. You can reduce your rates by buying prescriptions online. You can as well get cheaper prices if you buy by phone. Companies who sell online have lower costs than brick and mortar businesses and these suggest that they can and (do sell) at lower prices. However, you will do well to check the company you're buying from so you do not put yourself at risk. Just visit BBB online and you will know if you should buy from an exact company.
This is quite very important as you don't want to risk your life all in the name of making savings.

5. A simple but effective way of reducing your premium is by authorizing an EFT (Electronic Funds Transfer). This just means your Florida health insurer takes your premiums automatically from your account at specified periods without mailing you payment notices. This saves your insurer in many ways including eliminating the cost of mailing payment notices and the cost associated with processing checks. An insurer passes part of what they save to you by bringing down your rates.

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