Perhaps you have already purchased a health insurance plan or currently on this process, so you wanted to know more about healthcare premium.
We buy health insurance to protect ourselves from financial strain. The goal is to have lower out-of-pocket expenses. Consumers buy insurance to limit their risk of having to pay high out of pocket fees, but in turn health insurance companies measure out their risk of covering a person. This is the reason why it is important that you know the several factors that influence your personal healthcare premium.
Fact: Your health, medical history, or gender CAN’T affect your health insurance premium. And, insurance companies can’t charge women and men different prices for the same plan.
Age
Healthcare premium for older people are usually 3x higher than for younger ones since older people are more prone to have medical conditions. This means that the young and healthy ones are most likely to get lower health insurance premium.
Location
Premiums also differ on each state depending on competition, state law and the area’s cost of living. Luckily, if you are in Oregon, Washington, Texas, Nevada and Arizona, we can provide you with any insurance assistance you need, at no cost.
Tobacco Use
If you are a smoker, you are most likely to be charged 50% higher on your healthcare premium, as smoking is considered as one of the most common health hazards.
Plan Category
There are 4 plan categories: Bronze, Silver, Gold & Platinum. These categories dictate how much you will pay for premiums and out-of-pocket costs. Bronze plans usually have lower monthly premiums and higher out-of-pocket costs when you get care. Platinum plans usually have the highest premiums and lowest out-of-pocket costs.
How can you get help?
To get a quote at no cost, you can consult your trusted health insurance agent such as Health Plans In Oregon. We have the best insurance plans with low healthcare premium. Our assistance is always free, reach us at 503-928-6918. We are licensed, local agents providing service since 2006.
