eFLHealthinsurance Has Three Easy Tips to Stop Paying Too Much for Florida Health Insurance

By reviewing hundreds of Florida health insurance options, eFLHealthinsurance has found that most consumers are paying premiums that are higher than necessary to maintain the level of coverage they have. Three easy tips can lead to big savings.
 
Aug. 24, 2011 - PRLog -- The average consumer is not familiar with how different types of health insurance work.  Many are confused by what health care reform means for their coverage.  Most aren’t sure how to begin searching online and if they rely on local agents, they may only find a fraction of the options available from different companies.  eFLHealthinsurance prescreens Florida health insurance providers based on independent ratings for financial soundness and shows consumers how to instantly analyze the market with a single side-by-side comparison.  

While most people recognize that COBRA premiums are typically comparatively expensive, high unemployment rates leave little time to educate oneself on the best way to replace lost group coverage for the lowest cost.  eFLHealthinsurance’s first tip is to seek professional advice.

Independent advisors who research options from different carriers know what plans are popular and why.  eFLHealthinsurance advisors share feedback from clients who compare COBRA premiums to other options, like Health Savings Account (HSA) plans.

For instance, a man presented with COBRA premiums of nearly $800 per month could opt for an HSA plan with a $10,000 deductible for premiums under $300 per month.  If he invested what he saved on premiums to fully fund his HSA each year, he could claim a tax deduction for the contribution whether he needed the funds for health care or not.  High-deductible plans purchased this year provide 100-percent coverage for recommended preventive health care before the deductible has been met.  The HSA balance could grow with tax-free earnings and double as a retirement account.  

eFLHealthinsurance’s second tip is to use their free online resources to find low-cost Florida health insurance options.  Easy-to-follow explanations show Florida residents who have not been able to find affordable health insurance what types of plans offer the lowest premiums.   From the guide to finding low-cost coverage at http://www.eflhealthinsurance.com/how-to-guide.htm to instructions on how to use Health Savings Accounts at http://www.eflhealthinsurance.com/health-savings-accounts..., consumers can take advantage of the experience of experts without even needing to meet with an agent.

For example, a 51-year-old pharmacist in Clearwater who had no health insurance due to the high cost found a $5,000-deductible option that added tax advantages for under $150 per month.  The tax advantages included tax-free earnings whether she invested her Health Savings Account contributions in a money market or savings account, bonds, mutual funds or stocks.

eFLHealthinsurance’s third tip is to get professional assistance to manage medical underwriting when pre-existing conditions exist.  Without this intervention, most people with a health problem end up paying higher rates, but Florida health insurance companies have different underwriting standards to decide how to price plans for those with pre-existing conditions.

eFLHealthinsurance advisors know which insurers have more lenient policies and how to explain health problems in the best light.  They are also experienced in appealing when applications are declined, when higher rates are substituted and when exclusions are applied to coverage.

eFLHealthinsurance gives consumers access to an extensive database of Florida individual health insurance options from companies that have been screened for financial soundness with a single search.  They also provide educational resources to cover how different forms of health plans work and which offer the most affordable coverage.  In addition, they offer personal advice to help consumers compare options as well as suggestions on how to get the best value in spite of pre-existing health conditions.

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About eFLHealthinsurance:

eFLHealthinsurance has become a leader in providing educational resources that enable Florida families, individuals and small businesses to keep their health care costs low. Online information explaining how to find coverage to fit individual needs is available at http://www.eFLHealthInsurance.com/how-to-guide.htm and http://www.eFLHealthInsurance.com/health-savings-accounts-in-florida.php.

Florida residents seeking health insurance options in the individual market may use eFLHealthInsurance’s online resources or schedule consultations with professionals to compare coverage options to personal health care needs by calling 1-866-585-7661 between 9 AM and 11 PM Eastern.

eFLHealthInsurance also provides extensive resources that can lower health care costs that are not covered by insurance at http://www.eFLHealthInsurance.com/additional-benefits.htm.
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Tags:Florida Health Insurance, Tips, Savings, Low-cost, Price Reductions, Cobra, Health Savings Accounts, Hsa, Tax Deductions
Industry:Financial, Health, Insurance
Location:Fort Collins - Colorado - United States
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Page Updated Last on: Aug 25, 2011
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