What can you do to get a handle on the insurance problem? The first rule is to apply for insurance coverage when you are healthy. If you develop a medical condition, it will probably not be covered, or you may even be denied coverage. Second, it is probably a good rule to start with a lower deductible. As the rates go up year by year (and they will), you can increase your deductible; thus you will be able to keep your rates about the same. Third, it is good to consider several different companies and plans. Rates are similar, but some companies tend to be tighter in their underwriting, and their rate increases year by year are more controlled. Finally, every three to four years look at some other plans or reapply for the plan you are still on. Often, if you are healthy, you can save 20-25 percent on your insurance premium by switching plans or by reapplying for the same coverage.
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