Rising health insurance premiums create challenges for affordability, leading some to forgo essential coverage. To reduce premiums without losing coverage, individuals are advised to secure insurance early, choose appropriate sums insured, quit smoking, and maintain active lifestyles. Purchasing insurance younger locks in lower rates, while aligning coverage with expected medical costs and engaging in healthful behaviors can yield financial benefits, including incentives and discounts offered by insurance providers.
GetInsured Early in Life: Buying health insurance at a younger age helps avail lower premiums. Since lifetime renewability is assured in standard policies, getting covered early fetches long-lasting, low rates.
Opt for a Lower Sum Insured: Greater coverage always commands higher premiums. Opting for a sum insured matching your average yearly medical expenses instead of a very high amount helps reduce premiums substantially.
Stop Smoking: Smokers often pay significantly higher premiums as the habit substantially elevates health risks. Quitting smoking helps improve health holistically and gets discounts on medical insurance from the second year onwards.
Get More Active, Stay Healthier: Wellness incentives and fitness discounts on premiums are offered on several health plans nowadays for policyholders who maintain healthy lifestyles.
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