Tips to Minimize Your Halifax Health Insurance Premium Rate

Posted by novascotiagroupinsurance on August 30th, 2013

Obtaining an affordable Halifax health insurance plan is as tricky as it is indispensable. Many people choose not to buy a health insurance plan, mainly because of the high premium rates they have to pay for it. Here, we are going to discuss about some ways by which you can minimize your Halifax health insurance premium rate significantly.

Getting regular medical check ups: The overall health of your family depends on whether you receive regular medical check ups or not. Getting checked up regularly ensures that any underlying problem in your body is identified early, and treated when it is small and affordable. This is perhaps the first thing that can be helpful in minimizing your health insurance premium rate.

Increasing your deductible amounts and co-pay: If you are quite healthy and not suffering from any pre-existing condition, you can think about increasing your deductible and co-pay. This can dramatically reduce your monthly premium rate for your health insurance plan.

Getting a PPO or HMO: Preferred Provider Organizations and Health Maintenance Organizations prove to be less expensive than common health plans. In these plans, you have the freedom to select your preferred doctor, and their rates are cheaper too.

Choosing a group or family insurance plan: As compared to individual health insurance plans, group insurance plans and family insurance plans are cheaper. If your employer does not provide you health insurance, you can convince some of your colleagues to become a member of your group health insurance plan. If that is not possible, you can purchase a family insurance plan, which will cover all your family members, and the premium rates will be cheaper than insuring each person individually.

Purchasing a major medical insurance plan: A major medical plan is a comprehensive healthcare plan that covers your medical expenses during hospitalization, but does not pay for your visits to a doctor and for your prescription medicines. This kind of plan is much less expensive than an all-inclusive Halifax health insurance plan.

Researching and comparing: The best way to minimize your Halifax health insurance premium rates is to study all the plans available out there, compare their features, coverage and premium rates, and choose the one that provides maximum coverage at minimum premium rate.

With all these tips, you will be able to find a plan that gives you maximum coverage, and is affordable to you too at the same time.