How to Find Low Cost Individual Health Insurance

Obtaining low cost individual health insurance is an important step for many self-employed people. Finding the deal that you need may be easier said than done. You will not automatically receive a group discount as you would from an employer, so it is up to you to find the best deal. There are a few ways to find low cost health insurance for self employed people if you know where to look. 

Independent Ratings

There are several companies that devote much of their resources to rating insurance companies. With so many insurance providers out there, it is important to research your options.

Look for independent ratings to help you decide which company works best for you. You do not have to do all of the legwork and review each company individually. The rating company will offer price comparisons and options for each company. 

Customize Your Policy

You do not necessarily need all of the "bells and whistles" that come with a normal employer-paid policy. For example, raising your deductible can make a big difference in your monthly premiums. Low cost, high deductible health insurance is out there if you are willing to get only what you need.

Consider what you need, instead of what you want and the costs will go down significantly. Do you really have to get low cost prescription drugs included in your policy? These things add up in a hurry. 

Shop Around

Get several quotes from different companies. Taking a quote from one company into another is a great bargaining chip that can be used to your advantage.

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