When seeking healthcare coverage, you’ll discover that insurers gather an extensive range of information about your health and lifestyle habits. All of that information is utilized by insurers to determine how much your coverage will cost or if they will even extend coverage at all.
The goal of insurers is to pay out as little as possible. If you have a history of diabetes, cardiovascular disease, cancer, and a host of other diseases, you’re going to pay more. Insurance companies may refuse to insure you at all.
A family history of diseases can be an indicator of risk in the future. Insurers look at this carefully when setting costs.
Being a smoker, even if you’ve since quit, is a major risk factor for insurers. The same is true of smokeless tobacco, past drug use or mental health concerns.
Some jobs are inherently more dangerous than others. Insurers look closely at your occupation to assess risk.
Activities and Hobbies
Engaging in activities considered high-risk will increase your premiums Some companies won’t insure you at all. Activities encompass mountain climbing and hang gliding, along with motorcycle or horseback riding are considered risky by insurers.
Insurers have very specific ideas about a person’s ideal weight, based on their height. Even a few pounds of extra weight can make a difference in your healthcare premiums.
How Often You See a Doctor
Insurers would much rather pay for health check ups and have potential problems diagnosed early than cover expensive treatments. Conversely, if a problem is discovered, it can increase your premiums.
The number of people insured under your policy, their age and behaviors will affect premiums. Children often experience more broken bones and illnesses that require medical attention.
Level of Coverage
There are multiple coverage levels from which to choose. Comprehensive coverage and low co-pays will increase the cost of your healthcare coverage.
For more information about how The Sena Group can help you with any
of your insurance needs, please contact us at 561-391-4661.
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