Illness and health insurance rates

Health Insurance Rates

Health insurance rates can vary because of many mitigating factors. Your health insurance rate may change when the size of your family changes. You may also have a better health insurance rate if you work at a large company. You may even have a better health insurance rate if you have mostly been healthy throughout your lifetime. Unfortunately, if you have had health issues, especially those that required long term or frequent treatment, you will find that your health insurance rates will increase.

Finding out that you have an illness is stressful all by itself. That stress can be compounded by dealing with preapprovels from insurance companies and doctor bills. Also, you will often find that your health insurance rates increase in proportion to the amount of treatment necessary for your medical condition. If for example, you find out that you are diabetic, your health insurance rates will increase according to the lifetime care required for diabetes, as well possible medical complications associated with diabetes. However, if you are diagnosed with a minor, fairly curable cancer, your health insurance rates will also increase based on the fact that cancer treatment is intense and expensive. The reality is that your medical care is going to cost the insurance company money, and in turn they pass some of that expense onto you.

Health insurance rates are effected by many factors. One of the major factors that will effect your health insurance rate, is your complete medical history. If you have reoccurring or long term medical issues, you will pay more for your health insurance. Because of that factor, it is sometimes a good idea to stick with one insurance provider so that your rate stays close to what it was originally. Also, when you have long term health issues, you may find it difficult to get any health insurance at all if your coverage lapses.

Health insurance rates can significantly change due to many factors. You family health insurance rate may increase as the size of your family increases. It only makes sense that if more people are being covered by your insurance plan, you are expected to pay more for that coverage. Your health insurance rate may actually decrease as the size of the group in your plan increases. When there are more people on an insurance plan, you pay less because of the size of the group. The unfortunate reality is that you are faced with an illness, your health insurance rate is likely to increase. When paying a higher health insurance rate, realize that if you did not pay more, the health insurance company may make more compromises in treating your illness. In other words, if a treatment is expensive, and an insurance company knows that they cannot recoup the cost, they are more likely to deny treatment. The consumer must realize, that frequently you can only get what you pay for. Health insurance companies have to take patient health into account when determining a health insurance rate. After all, it would not be fair for a healthy person to pay more because other people require medical treatment.