The recession has introduced high competition between health insurance companies.
These companies are now forced to introduce cheaper health insurance rates if they wish to stay in the market.
Existing customers, however, mostly not informed about the new rates and they continue paying the older higher rates.
According to a research, insurance rates changes at least 2-4 times during one month in the US.
If the customer checks on the health insurance rates regularly and demands the new cheaper rate, the companies usually stuck the customer in a lengthy and complicated process of getting a quotation.
This can take up to one working day.
This problem is solved by the internet.
There are a large number of private companies who offer services to obtain the best quote for free.
A minimal search of few seconds yields the current rates of almost e insurance company.
You can now easily get the latest rate on the internet and then contact your health insurance company with all the details and ask them to give you the current cheaper rate.
The internet also helps you in comparing the rates between different insurance companies in order to find the best deal.
You can also calculate the amount you can save if you witch from your present insurance company to some other company.
The recession has also brought in some benefits for the consumer, cheaper rates at health insurance policies is one of them.
So we should take as much advantage as possible.
There is no reason to pay a higher premium when you do not have too.