10 Factors That Affect Your Health Insurance Premium Costs

10 FACTORS THAT AFFECT YOUR HEALTH INSURANCE PREMIUM COSTS Looking for your own health insurance policy? Learn more about the factors that affect premium costs and find out what you can do to pay less for your plan Qpolicyadvisor® www.policyadvisor.in search.research.decide PHYSICAL AND MEDICAL RISK FACTORS BODY MASS INDEX On average, people with a high body mass index have significantly higher premiums than those with TOBACCO USE a normal BMI. Insurance companies penalizeapplicants who use cigarettes, chewingtobacco, or snuff by charging higherinsurance premiums or refusing toprovide them with coverage. GENDER Women usually pay higher medical premiums than men, for three reasons, according to experts. Women may be more likely than men to go to the doctor regularly, take prescriptions, be subject to certain chronic diseases AGE Premium prices are usually lower for younger individuals PRE-EXISTING MEDICAL CONDITIONS Insurance companies know that a pre-existing medical condition can be costly.Many plans won't sell insurance to people with specific pre-existing conditions. FAMILY HISTORY For applicants whose families have a history of certain medical conditions or ailments, the premiums may be higher LIFESTYLE AND PERSONAL RISK FACTORS PROFESSION People exposed to hazardous chemicals or radiation, or who work in jobs with high injury rates, have much higher insurance premiums than those with less dangerous jobs. ZIP CODE Whether due to a shared climate, a cultural aversion to exercise, or a lack of healthy food options, people who live in the same area tend to have similarities in their risk profiles MARITAL STATUS For reasons that haven't been determined, married couples live ionger and are generally healthier than single people. Getting married usually causes a drop in health insurance premiums, although the benefits are greater for men PREVIOUSLY UNINSURED If you've been without health insurance coverage, or if you are buying insurance for the first time, insurance companies may charge you a higher premium. FINAL WORD While many of these factors are beyond your control, you have the ability to lose weight, quit smoking, and move. Taking good care of your health and controlling the risk factors mentioned here reduces health insurance premiums now and in the future. powered by Piktochart I I make information beautiful