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How to Save on Individual Health Coverage

If you have or want individual health insurance coverage, you can do several things to help lower the costs of that health insurance, saving money while still having the protection of health coverage.

  • Don’t smoke or use tobacco.

    Unlike group policies, almost all individual policies differentiate smokers from nonsmokers because the claims costs for smokers are much higher.

  • Cut out unneeded coverage.

  • Cut back doctor choice.

  • Raise deductibles.

When deciding between two deductibles on a health insurance policy, choose the lower deductible if you’re in doubt. You can raise your deductible later, anytime you want to. But to lower it, the whole family must qualify medically — not likely if you’ve just incurred some big medical bills.

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