What Are Normal Health Insurance Rates?

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Over the last six years, in the United States,  health  insurance rates have almost doubled. The good news though is that there are ways by which individuals can lower their  health  premiums.

Firstly, it is important for individuals to research and shop for various rates. An agent can help individuals to search the rates, which suit the budget of the buyer.

The other method by which individuals can lower their  health  insurance rates is by quitting smoking. Firms always charge more to smokers, as they are more prone to  health  problems and hence costs.

In addition, if individuals maintain good  health  or improve on their  health , they can also cut down on their  health  insurance rates. With the help of few tips and precautions, individuals can get good  health  rates that can save them their hard earned money.

Important Factors:

Age is the most important factor, which affects  health  insurance rates. Young people pay a lower premium on their  health  plans.

One more factor that affects the  health  insurance rate is gender. Women pay lower  health  premiums as compared to men. The reason is women are less likely to suffer from diseases such as high blood pressure, heart attacks, and other illness.

Some insurance companies in the U.S. offer discounts to individuals, if they pay their insurance premiums on time, since they are viewed as better customers.

 Health  insurance rates vary as per the variance in medical expense in different areas. The medical costs vary due to differences in medical practice, the degree of specialization in different fields of medicine, and the level of competition in that area. Most plans vary in their rates depending on the zip code. The address of the employer’s business determines the rate.

Some policies pay only limited amount of  health  expenses. The insurer has to pay the remaining amount. Some plans have maximum lifetime coverage. Here, the policy will pay individuals until the amount reaches benefit’s maximum. The remaining amount has to be paid by the policyholder.

Conclusion:

 Health  insurance is an agreement between the company that provides the insurance and the insurer. It is possible to renew the contract annually or monthly.

HMOs use the term  health  plan, whereas insurance companies use the term  health  insurance. A  health  plan can also be a medical care arrangement offered by  health  organization. These plans are similar to pre-paid dental plans. HMO stands for  Health  Maintenance Organization. It is costlier than a PPO. The major disadvantage of HMO is that, it gives limited choice in doctors that too present in the network provided by the policy.

PPO stands for Preferred provider Organization. The only difference between a HMO and PPO is the possibility to seek medical attention from outside the network.

POS stands for Point of Service. It has the features of both PPO and HMO. POS is considered as the best  health  insurance, although not the cheapest.

According to a recent study,  health  insurance rates are on the rise due to increased demand and new treatments. Advancements in medical technology are also responsible for increase in  health  insurance rates. Factors related to lifestyle also contribute to increase in insurance prices.

With all this in mind the only way to be certain if you are paying the lowest rates is to get a quote online for free. The good news is that you can do just that by vising one of the sites listed below.


Source by Ian E. Wright



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