How can you reduce your health insurance premiums? Most people do not know what affects the prices of health insurance. Most people believe that they are paying for the coverage when in actuality they are paying a lot more for it. Let’s take a look at what does affect the prices of health insurance, and then we will look at how to reduce these costs.
Most people realize that gender is one of the things that affects the prices of health insurance. There are many studies that have shown that women have lower health insurance premiums than men, for the most part. This is because women tend to be healthier, and less likely to contract any diseases. But this may not mean that you can take these facts into consideration and then come up with an appropriate price for your health coverage.
One of the main things that affect the prices of health insurance is your age. The older you are, the higher your health insurance premium will be. So let’s take a closer look at this. What affects the prices of health insurance premium depends on the health history of the person.
If a person is a heavy smoker, his or her premiums will surely go up. Not only does smoking affect a person’s health, but it also greatly affects a person’s pocket. A person who smokes a pack a day is at a greater risk of getting lung cancer. As a result of this increased risk, smokers will pay more money for their health insurance policy. People who do not smoke will often pay less money.
But another factor that will affect a person’s premiums greatly is weight. People who are overweight will generally pay more money for their policies. This is because they are at a greater risk of heart and cardiovascular diseases. The chances of an overweight person having a heart attack or stroke are high. He or she may only have a 5% chance of having either disease if he or she is of normal weight.
What affects the prices of health insurance depends on what you want in the policy. It can either be for the man or for the woman. For the man, it can either be for health, life, or dental cover. For the woman, it can either be for maternity cover or for life coverage.