Why Your Health Insurance Policy Costs You 5 Times More
The internet is the most feasible way to find the best deals in a variety of things and shopping for a comprehensive health insurance policy is not an exception. The market is flooded with a countless number of health insurance companies. And online has made it easy to choose any one of them. In order to find the right health insurance deals, you must compare several offers and be assured you fully understand what you are getting as part of your policy.
Here are some secrets no insurance company will tell you, and you would end up with finding 5 times more premium rates when looking for Health insurance policy quotes.
1. Your weight
Being overweight can increase the premium. Since overweight is a simple sign of increased odds of dying, it may knock you out of the top pricing tier. The more overweight you are, the more expensive your insurance will be.
2. Cardiovascular disease
It’s a group of diseases such as high blood pressure and other heart problems that lead to premature death. Sometimes, insurance providers exclude the pre-existing diseases and many other major diseases, saying these diseases will be covered three to four years. So, you can get your health issues, but without the coverage of cardiovascular disease.
You will likely to never qualify for the best health insurance rates if you have or have ever had cancer. However, you may still get the plan, depending on your current status and the type of cancer you had. Maybe not now, but you would come into the standard category five to six years later.
Are you taking medication for an ongoing depressive condition? You may be offered higher premium rates. The point is that when the depression reaches its worst stage, people may jump off roofs or start behaving abnormally. Most health insurance plans don’t cover suicide for two to three years from the date of purchase – depending on the plans you are choosing.
High cholesterol, like high blood pressure, should not be big deals if you control it with medication. But, if you are reluctant to the medication or the meds are not doing well, the insurers may put you in the higher risk category, whereby the premium increases.
If you have type 1 diabetes, it means you have impaired life expectancies. Your health insurance cost will depend on how well you have controlled your diabetes. So, it is good to control it or it will cause a spike in your price.
From the above context, it is obvious that your premium depends on your health factors. How well you determine the premium rates. It is highly recommended to go for comparing your health policies online and get the quotes before choosing any policy. The online comparison will help you grab the best deals for the health insurance policy in India. Luckily, there are several online portals where you can compare the policies and pick the best rates.