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SolveYourProblem
Article Series:
Health Insurance
Your
Age and Habits:
Getting a Health Insurance Quote
Many people don’t start to think about life
insurance until they have gotten older, married, had children,
or have settled down. There are many risks to waiting that
long. The older you are and the more you have put yourself
through over the years can come back to haunt you. A single
person in their 20s who doesn’t smoke and is in perfect health
can get a much larger policy at a better cost than the same
person in their 50s, or someone who smokes and abuses drugs
or alcohol. Age and lifestyle habits play a big role in how
much coverage you will get and at what price you will pay.
Many people think they can keep this hidden. Not only is that
not always the case, you can get dropped and in some cases
sued if you lied. Many companies have you get an exam and have
all your previous records sent to them before determining your
eligibility.
Most insurance companies want you to be in the best health.
This means you will pay more over time and have less need to
use it. So the company makes a big profit off of you. There
are typically three types of premiums, standard, preferred,
and preferred plus. If you have not had a cigarette in more
than five years of never had one your premiums will be lower
than if you have had one in the last five years or are currently
smoking, this would be the preferred plus program. Being an
averagely healthy person and not smoking in the last three
years will buy you the next best rate, preferred, at a lower
cost than many. The standard is for those individuals who might
have some health issues and have not smoked in at least 12
months, they are still pretty good rates as well.
Then, you have the rate for smokers, which is about three
times higher than those who haven’t smoked or in the last 12
months. This is what makes many people lie about whether they
smoke or not. But you have to think if you are being treated
for multiple bouts of bronchitis, pneumonia, and upper respiratory
infections each year, they will get suspicious. Plus, your
doctor will be able to smell it on you and has to inform the
company if they think you smoke or live with a smoker. Some
insurance companies will require a urine sample to see if you
have nicotine in your system. It is harder than you think to
lie to them. It is possible to cheat if you stop smoking for
72 plus hours before your urine sample is taken, nicotine is
gone by then. But you never know when they will ask for another
sample unannounced. There of plenty of insurance companies
that don’t care if you start smoking after you got the policy
as much as lying to get it.
Alcohol is another reason your insurance premium can go skyrocketing
out of control. Even just moderate drinking can cause some
companies to up your cost or deny you a plan. Some insurance
companies don’t care how much you indulge as long as you don’t
need treatment or sought treatment for alcoholism. Alcohol
abuse can cause many health issues and reduce a person’s life
by a minimum of 10-15 years or more in some cases. The insurance
companies will also want to know great lengths about your medical
history and probably demand records as well. This can give
them plenty of insight to your alcohol use. They will be looking
for specific alcohol related diseases that you might be treated
for. They will also look at your driving record to see if there
is any alcohol related incidents, which would bump you to a
higher premium.
As far as age is concerned, usually people under 60 in very
good health can get a good policy for a great price. The prices
tend to go up as people age due to the fact that they are not
expected to live as long and the company won’t make as much
money. If you have other health issues or bad habits that can
make the plan rise in cost too. Now, there are several insurance
companies that cater to the older groups of people for a decent
price and all right coverage. You want to look at several companies
to find out what you need and what works for you. Click here to to view health insurance quotes, compare plans side-by-side and apply for the most affordable health insurance within your budget. I did this myself (June 17, 2011) to change my health insurance policy. Saved me $84 per month (or $1,008 per year). It's my SolveYourProblem recommendation.
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by SolveYourProblem.com
: 2006
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