Contrary to popular belief, medical insurance policies are not a fool proof system. Applicants are in the position to negotiate with insurance companies and even better, companies are also willing to compromise for their clients. Prior to doing that though, individuals should be aware of exactly what factors they can use to achieve the results they want for their policy.
For those who want to lower their premiums or adjust circumstances to their favor, following are the top 5 things to keep in mind when applying for medical insurance.
Habits and Vices
People who are into extreme sports or typically smoke and drink should prepare for higher premiums. This makes sense since individuals with vices have higher chances of contracting diseases that may land them in hospitals. What's great about this though is that smoking and drinking are easy enough to control. By simply stopping these habits, individuals would find themselves enjoying lower rates for their medical insurance.
Weight
As studies show, people who are overweight are more likely to contract various diseases from diabetes to heart conditions. For this very reason, insurance companies are more reluctant in providing them with lower interest rates since the possibility of collecting is bigger than most.
Gender
Unfortunately, there's nothing a person can do about these two factors. It is believed that women are healthier than men and therefore are less prone to medical problems. Hence women, especially those in their prime, typically experience the best rates.
For those who want to lower their premiums or adjust circumstances to their favor, following are the top 5 things to keep in mind when applying for medical insurance.
Habits and Vices
People who are into extreme sports or typically smoke and drink should prepare for higher premiums. This makes sense since individuals with vices have higher chances of contracting diseases that may land them in hospitals. What's great about this though is that smoking and drinking are easy enough to control. By simply stopping these habits, individuals would find themselves enjoying lower rates for their medical insurance.
Weight
As studies show, people who are overweight are more likely to contract various diseases from diabetes to heart conditions. For this very reason, insurance companies are more reluctant in providing them with lower interest rates since the possibility of collecting is bigger than most.
Gender
Unfortunately, there's nothing a person can do about these two factors. It is believed that women are healthier than men and therefore are less prone to medical problems. Hence women, especially those in their prime, typically experience the best rates.
Family History
Family history is a great indicator of any diseases the individual might have in the future. This is why insurance companies are so thorough to the point of asking for information regarding a person's relatives. Families with a history of cancer, heart diseases or diabetes would most likely experience higher rates than those who don't. The closer the relatives are to the policy holder, the more impact this would have in the overall results.
Age
Younger individuals are less likely to contract diseases and there are the best candidates for medical insurance. This is why youngsters today are advised to take up health insurance policies as soon as they are financially able. This way, they would be able to enjoy lower rates for their policies.
Of course, those aren't the only factors that may affect a person's medical insurance. The good news is that although some of those may be out of a person's control, there are still some things that they can work on. Depending on how a person acts, it is completely possible for them to experience excellent rates for themselves and their family.
How to Get Better Health Insurance Rates
The trick to getting better health insurance rates is simple - staying healthy. Insurance companies are more likely to be flexible when they see that their applicants are at tip top shape with very little chance of making a claim. What's great here is that this is a win-win situation. Individuals would be able to enjoy low insurance rates while at the same time being assured protection in the event of a medical problem.
No comments:
Post a Comment