Will my health insurance premium increase every year?

Age, amongst other factors is considered when setting health insurance premium because age is related with the level of risk. As a results while growing up insurance premium shall increase to reflect the risk. The amount of increase depends on the experiences of an insurance company as well as its pricing policy. Another factor that affects health insurance premium is the constantly increasing cost of medical treatment and the need of readjusting the premium to reflect this inflation.

Tags: health premium, premium increase

Related entries:

Gan Direct

Copyright © 2012 Gan Direct, All Rights Reserved ®