Consumer Tips: Save on Health Insurance

While wages aren't increasing, health insurance costs are on the rise, and it can be difficult to afford this necessity. Life can throw an unexpected curveball at any time, and you need coverage in order to protect you and the ones you love. While there is little we can do about the increase in rates, there are some things you can do personally that will allow you a lesser rate.

Limit Alcohol Intake

If you do not have a history of heart or liver damage and have no DUI's on your record, having a couple of beers after a long day at work will not impact your premiums. However, problem drinkers who consume more than that can find themselves paying more than most. With some companies, you may even be able to consume three or four daily alcoholic beverages, but this will raise red flags. Furthermore, if you think you can beat the system and lie about your alcohol intake, think again. Medical tests can reveal if you have heightened liver enzyme levels, and this can lead to liver damage. If you regularly consume more than two alcoholic beverages, you are at risk. By quitting or cutting back now, you can begin decreasing your levels and enjoy a lower rate.

Quit Smoking

Of all the avoidable risks that are cause for concern with insurance companies smoking is at the top of the list, and smokers can typically expect to pay twice the premium as non-smokers. Whether you are getting ready to purchase a policy or already have one, there are benefits to quitting now. Many companies will consider a rate drop if you quit and remain smoke free for a 12 month period. Not to mention, you will save even more on cigarettes and enjoy being able to significantly reduce your risk for a variety of health concerns.

Hit the Gym and Change Your Diet

If you are considered overweight or obese, you will likely be placed in a "rated" class, and this means higher premiums. The reasons are clear. You are at an increased risk of various health problems including:

• Coronary heart disease
• High blood pressure
• Stroke
• Type II Diabetes
• Abnormal blood fats
• Metabolic syndrome
• Cancer
• Osteoarthritis
• Reproductive problems

On the bright side, just like for those who quit smoking, those who lose weight and keep it off can often qualify for programs with their current insurer to reduce their monthly premiums.

Live Healthier, Pay Less

We all want to live long and happy lives and save money where we can. Unfortunately, those who smoke, drink, and/or are overweight face severe health risks along with expensive health insurance premiums. By making the decision to dedicate to lifestyle changes that will correct these choices, you will not only live healthier, but you can also enjoy the peace-of-mind of owning a quality insurance policy at a rate you can afford.

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