How to Beat Your Health Insurance Company « Health Articles Library

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Interestingly, most people don’t know which factors to look for when they purchase health insurance. They don’t buy insurance very frequently, and they don’t get a good agent.

It is easy, but most people don’t do it. The secret is to get a health insurance plan while you are young and healthy. (Did I hear you groan?) Health Insurance is usually the last place where a young man looks to spend his money – women are much more interested in safety, security and don’t feel invulnerable to the vagaries of the world.

It isn’t too late. Even if you are older now, and didn’t get the plan you need, you can start right now. (You aren’t likely to get heathier as you age. As we age, we tend to put on weight and as we age, more things tend to go worng.)

If you are the correct weight for your height and you don’t use tobacco, you might get a preferred rate on your plan.

So, it sounds pretty easy. Just get the insurance plan early while you are young and healthy!

Another salient point. Once you have obtained a plan, and have a rating as to your health at that time, that insurance company cannot change it later. So, let’s take an example. Let’s say you get a preferred rate on a plan and two weeks later, you are diagnosed with cancer. THE INSURANCE COMPANY CANNOT CHANGE YOUR RATING based on your health, and it cannot increase your premium. You will carry this preferred rate as long as you stay with that carrier.

Your monthly premium will likely go up each year because, of course, you are a year older. Also, the general population in your area of the state will have aged. They also might have a higher incidence of disease, so your premium will increase. Remember, though, the amount of your premium increase will likely be less than someone who didn’t get a preferred rate to start with.

What do you do if you have financial trouble?

I would suggest that if you possibly can, keep your plan in force. If you have a preferential rate, don’t lose it by canceling your health insurance – simply change to a less expensive plan with your current carrier.

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