How Independent Health Insurance Saves You Money

If you are currently unemployed, self-employed, or your employer does not offer health insurance, you may want to consider purchasing independent health insurance. While this may be a stressful process initially, independent insurance can save you hundreds of dollars on your monthly premium and thousands in medical costs.

What is Independent Health Insurance?

Independent health insurance offers more policy options, rates, and services than most other major insurance agencies. This is because independent agents can build your policy from several different insurers, not just one company. With independent health insurance, you’ll receive a quality, low-cost policy tailored to fit your needs and your budget.

Where Can I Find The Best Deal?

The best place to find independent health insurance is online. Once you discover a few reputable companies that seem to be a good fit, call to speak with a representative. Ask about policy rates, terms, services, co-pays, and claim procedures. If the representative has a difficult time answering your questions, or you just don’t think the company is legit, consider visiting your state’s Department of Insurance website to read thorough reviews and financial information of the company.

How Will I Save Money?

Choosing an independent health insurance company offers several benefits, the most important being that you can save lots of money on your premium.

  • Comparison Shop – An independent health insurance agent does the hard work for you. They’ll research and compare costs, services, and terms of various insurers and present you with the best, low-cost policy that fits your lifestyle.
  • Expertise – Independent agents must know the latest information on several different insurance companies. They’ll use their market experience and expertise to find the best policy at a rate you can afford.
  • Trust – With an independent insurance agent, you are not just another policy holder. They will work with you to better know your needs. Developing a relationship of trust and respect with your insurance agent is a great way to see instant savings and feel protected.
  • Loyalty – Many insurance companies offer a loyalty discount if you have been with them for more than three years. So if your insurance requirements change and you need to adjust your policy accordingly, you won’t have to switch to another company if you have an independent agent. He or she will tailor your new needs to a new policy, and you’ll continue to receive a loyal customer discount.
  • High Deductible – If you are in relatively good health and have extra cash on hand, consider raising your deductible. A deductible is what you pay out-of-pocket before your insurer steps in to cover the rest of the claim. Raising your deductible just a few hundred dollars (e.g. $500 to $1,000) can lower your monthly premium up to 40%.

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