Health Insurance Premium Calcuation



e0000149

Health insurance or Medicaid premium calculation depends on various factors.  It depends on the nature of the cover and the age of the person.

The rate of premium rises according to the sum insured. Also if the insured has a higher risk in terms of health, he or she will be charged premium at a higher rate.

Age is also a major deciding factor in health insurance premium calculation. Obviously, an older person has to pay a higher premium for the same sum insured compared to a person in his 20s or 30s.

The medical condition and general health  of the person is also considered, the health insurance company also looks into claims if any, filed by the person in the previous years.  At times, health insurance companies may enter preexisting diseases but charge high premiums. All these play a role in deciding the premium amount for health insurance.



Related posts:

  1. Can I use Spouse Health Insurance When Unemployed?
  2. Term Life Insurance No Medical Exam
  3. Spot Fake and Illegal Health Insurance
  4. US Health Insurance Reforms Highlights
  5. I want to cancel my insurance policy
  6. Cheap Dental Insurance for College Students
  7. Renters Insurance, Homeowners Insurance: Difference
  8. Car Insurance for a Month
  9. Does health insurance cover pre existing conditions?
  10. Swine Flu Insurance


Tags:

Posted by Starwin on 11th January, 2010


Comments






Get the Latest Finance Updates to your Email:


More Related Posts

Facebook IPO
36 views
Sharpe Ratio – Formula, Calculator, Definition, Example
48 views
Bank Transfer Day-Facebook, Impact
4 views
Best Cyber Monday Deals-2011
8 views
Black Friday or Cyber Monday-which is better?
53 views
Groupon IPO-Date, Price, News, Filing
12 views
Direct Loans Servicing
12 views
Maxim Healthcare Services Scam-$150 Million
22 views
Can one spouse file bankruptcy?
5 views
Average Car Insurance Rates by Car, State
16 views
Car Insurance for a Month
5 views
Term Life Insurance No Medical Exam
34 views
Causes of the Great Depression, Timeline, Pictures
282 views
Mutual Fund Expense Ratio
53 views
Cheap Dental Insurance for College Students
153 views
Can I use Spouse Health Insurance When Unemployed?
26 views
How to file Bankruptcy in Maryland
30 views
How to Apply for Credit Report in India?
28 views
What is the meaning of Base Rate?
1,180 views
Benefits of Investing in Gold
25 views
No More Teaser-Rate Loans
38 views
Cheap Auto Insurance in Florida, Quotes and Requirements
38 views
Michigan auto insurance, Michigan Insurance Only
16 views
Make Money with Structured Settlements
22 views
Unsecured Debt Consolidation Loans for Bad Credit
64 views

© 2010 Kraran..All Rights reserved. The Content is copyrighted to Kraran Inc and may not be reproduced on other websites. Sitemap . Privacy Policy