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Skipping insurance because you want to use the money to overcome your debt is like trying to accelerate your car when you have the hand brake on. Even if you do manage to bring down your debts to zero, you will still incur debts when you fall ill. Why? The cost of health care in this country is very high. You cannot really blame the hospitals because they provide fantastic quality service. Even if they don't, you do not have much of choice, do you?
If you use your health insurance premium money to repay all your debts, you will have either depend on your savings or use your credit card to pay for health care. If you had savings, you would not skip insurance, would you? Hence, the money that you supposedly saved by skipping insurance is nothing but a debt that will be formed once you fall ill.
This must be sufficient to prove it beyond doubt that skipping insurance is not a solution. In fact, it is an addition to the problem. How can you save money on your health insurance cost? The first and the most important question you should ask is - Am I a high risk candidate? If yes, then it is not surprising that insurance companies will charge high.
There is lot of flux and change in the insurance sector. You just cannot afford to be a high risk customer in such a scenario. Other low risk customers will get policy with low premiums and you will be saddled with the extra cost. If you are fat, lose that excess weight. If you smoke, skip it for the sake of your family.
Once you have reduced your risk profile, you should check out whether you are enjoying good value for money. How to determine good value for money? If some other insurance company in the market is offering the same protection that you enjoy at lower price without any significant reduction in quality of service, it is obvious that you are not enjoying good value for money.
Online estimates are the best tool to find out whether you have got a good deal or not. Where can you get this information? Just log onto the World Wide Web and check out good quality insurance quote web sites. Simply take a look at all the health insurance companies that shall be presenting estimates. If the health insurers are reputed, the website too will be reliable one.
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