How Health Insurance Premium varies by Gender

Health Insurance

Did you know that your health insurance premium may vary by gender? Usually, women are at the receiving end of this discriminatory pricing. Here’s all you need to know. With the increase in medical inflation and sedentary lifestyle-induced diseases, it has become imperative to get a health insurance policy to protect yourself against the gigantic financial burden that diagnosis and treatment can incur. There are a number of factors that determine what amount of premium you’d need to pay, depending upon how susceptible you are to falling sick, to accidents or to being diagnosed with a critical illness. Premiums are determined individually for everyone because the insurance company would review your risk profile and medical history against company benchmarks, and assess if a policy would just be dead weight for them. These factors include many health-related parameters like Body Mass Index (BMI), tobacco and alcohol consumption, age, pre-existing medical conditions, family medical history. The rationale is to find out if you are more susceptible to falling ill or getting diagnosed. For instance, people with a high BMI can suffer from, or develop, diseases including diabetes, sleep apnea, and heart and joint problems. So if you have a high BMI, you […]

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What are The Best Ways to Buy Cheap Health Insurance?

Health Insurance

Buying health insurance is one of the major aspects to opt for these days along with other necessities of life. Life is unpredictable, and you may not know what may happen tomorrow to your health. Thus, if you are not financially prepared to face a medical emergency, you need to buy a health insurance plan that covers you fully. However, when it comes to buying an inexpensive health insurance plan, not all have the expertise to pick out the best deal. Let this write-up help you to buy health insurance plans that are just made to cover your needs without paying more. Quick tips to Buy Health Insurance Everyone wants to opt for a health insurance plan that has all the features such as lower premiums with high cover, best claim settlement, OPD cover, and other benefits. However, you should note that no such dream plan exists in reality. You need to follow steps to choose a health insurance plan as per your needs and budget. You can’t get up one fine day and decide to opt for a health insurance plan as it may not work for you. Yes, the older you are, the higher the premium that you need […]

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