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Are you looking for health insurance? Do you want to know how to get the best rates with the best companies? Here's how ... How to Get the Best Rate 1. Shop around - Health insurance rates can vary by hundreds of dollars from one company to the next, so the best way to get the best health insurance rate is to shop rates from different companies. You can call local agencies or visit insurance company websites, but it's a lot easier to go to an insurance comparison website where you can get multiple rate quotes on one site. (See link below.) 2. Get a managed health care plan - Managed health care plans (HMOs, PPOs, and POSs) are much cheaper than the traditional fee-for-service (indemnity) plans. The advantages of using a managed health care plan are cheaper premiums, less paperwork, and less out-of-pocket expenses. The disadvantages are that you must use the plan's authorized doctors and hospitals. However, PPOs and POSs allow you to use a non-authorized doctor by paying an additional fee. 3. Purchase a catastrophic health plan - Catastrophic health plans, also known as major medical plans, cover your hospital expenses for a major illness like cancer, AIDS, or heart disease. They do not cover routine doctor visits or prescription drug costs. These plans are cheaper than managed health care plans because your coverage is limited. 4. Set up a medical savings account - If you're self employed or a small-business employee, you can set up a medical savings account plan. These plans are a combination of a tax-deferred savings account coupled with an inexpensive high-deductible health insurance plan. With these plans you use your savings account to pay for minor medical expenses. When those expenses exceed your deductible, your health insurance plan takes over. Visit http://www.LowerRateQuotes.com/health-insurance.html or click on the following link to get health insurance rate quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section. The author, Brian Stevens, is a former insurance agent and financial consultant who has written a number of articles on getting cheap health insurance rates.
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