We all know that our bodies change as we age. Our muscles aren’t as strong as they used to be, and we are more susceptible to age-related ailments such as cardiovascular (heart) disease and bone loss. Because these problems typically occur with age, insurance companies raise premiums to cover the funds they pay out for our increased doctor visits.
My Medical Insurance Increased but I’m Still Healthy
While it may not seem fair that the older you get the more your medical insurance quote or premium will rise, there are other factors that come into play to balance it out. Along with your age, the last time you filled out a medical insurance quote form, it most likely asked for your height and weight as well. These three factors let the insurance company know if you are overweight.
The younger you are, the more chance you have to lose the weight and become a healthier individual. However, someone in their 50s is more of a risk because they are thought to be set in their ways with very little motivation to change, and not changing an unhealthy diet can lead to diabetes.
It is this thought process that decides the risk factor for each individual, and your risk factor coincides with your medical insurance quotes. Similarly, a woman’s medical insurance quote will increase when she turns 40 even though she is healthy. This happens, statistically, because women in their 40s develop breast cancer, the treatment of which requires an immense amount of money. To make sure they’ve got their bases covered with everyone, insurance companies raise medical insurance quotes on every woman at that age.
So even though you’re 40 years old with no obvious risks of breast cancer, your medical insurance quotes will rise because you are now within a certain age group. Rest assured, though, that your medical insurance quotes will not rise as much as they would if you had obvious risks of breast cancer.
I’m Young with Risks but Still Have Lower Medical Insurance
If you fall into the lesser-known category in which you are young but are at risk for an age-related illness, the medical insurance quote form will gather the information from you and calculate your quote based on all the risk factors. While your quotes will be higher than others in your age group due to the risks you create, your medical insurance quotes will be lower than those who are in the higher aged category. Will my medical insurance quotes always be based on age?
The future of medical insurance quotes seems to convey that your quote will always be based somewhat on age. There may be the rare occasion when it isn’t, such as a switch in medical insurance companies when the change won’t affect your future quote, but that is definitely a rarity. For more information on age-related insurance questions, or to request a free quote, visit our site and save money today.