In most states, insurers charge older people much higher health insurance premiums than their younger counterparts, a practice companies say is "an unavoidable business decision" because the risk of getting sick rises with age, the Associated Press reports.
Healthy people in their early 50s can face charges six or seven times as much as an overweight 20-year-old with health problems.
Health Insurance: Welcome Trends!
There’s Good news for senior citizens! Private health insurance companies show keen interest to give policies for senior citizens.
There’s Good news for senior citizens! Private health insurance companies show keen interest to give policies for senior citizens.
"Young adults remain some of the strongest supporters of a health-care overhaul, but many acknowledge they don't understand proposals that will likely saddle them with higher costs," the Wall Street Journal reports.
A recent poll shows that 48 percent don't understand or only partially understand the issues being debated. The change in the age rating ratio, for instance, could keep costs down for older customers, but, the younger people are "going to see a fairly large increase in what they spend for health care relative to the current situation," said Georgia State University professor Bill Custer.
Uninsured Adults Increase Medicare Costs
New data now show that people who were uninsured before receiving benefits at age 65 required more intensive and costlier care than those who had been privately insured prior to Medicare.
New data now show that people who were uninsured before receiving benefits at age 65 required more intensive and costlier care than those who had been privately insured prior to Medicare.
Source-Kaiser Health News
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The 'Underinsurance' Problem Explained
People who are described as underinsured have health benefits that don’t adequately cover their medical expenses.
People who are described as underinsured have health benefits that don’t adequately cover their medical expenses.
Health Insurance: How Much More Should Older People Pay?
For years, insurers have charged older customers far more than younger ones, in part because of older residents’ higher use of medical services.
For years, insurers have charged older customers far more than younger ones, in part because of older residents’ higher use of medical services.
