These days, everyone seems to be ready for change. The idea of national health care, coverage for all people (regardless of pre-existing conditions), and the end of gender based rating, is top priority.
One of the biggest issues these days is the fact that men and women are charged different amount for the same plans, at the same age, regardless of health history. Insurance companies defend this disparity by the fact that women tend to utilize health services more frequently than men, especially during their child bearing years. Therefore, instead of being rewarded for taking on a proactive role with their health care, they are penalized by 25% to 50% higher rates than their male counterparts.
With greater government regulation, it is thought that gender differentiation will be a thing of the past. As an effort to keep health insurance out of the hands of the government, and become more user friendly, insurance carriers will need to find ways to be easier on those seeking their own plans, or the millions of currently uninsured individuals nationwide.
Posts Tagged ‘premiums’
Gender Based Rating and Health Care Reform
Tuesday, June 16th, 2009Is Your Insurance Premium Billing Mode Costing You?
Friday, May 1st, 2009You may not even be aware of this, but if you receive your insurance billing statements by mail, it could be costing you more money! In an effort to reduce administration costs as have less of an impact on the environment, many insurance carriers have implemented an additional “paper bill fee” to your current premium.
For example, Anthem Blue Cross adds on a fee of $2.00 to your billing cycle. Humana goes up to $10.00 for each paper statement. This can really add up!
