Women, as a group, get far better deals on auto and life insurance. But once it comes to health insurance, a woman will attract higher rates than a male counterpart. Why is this so and what can a woman do to pay far less?
Consider the following.
Everywhere, there is a believe that women generally need to have more medical care than men. Lets look at the following reasons so I wouldn’t be accused of being anti-female.
Menstrual period or cycle is a common and normal occurrence with every healthy female who is within the age bracket. Blood flows for some days, every month from having attained puberty to menopause (except when pregnant). If we were to calculate the amount of blood flow and the effects health and psychology, we would agree that women require more health care.
As if this is not enough, women also give birth to children. The period of gestation has its health needs but more than this, the after effect of the different pregnancies must have some kind of effect on their bodies resulting in a higher need for health care.
I hope the women folk are not annoyed with Insurance companies for their “insensitivity”? Lets understand that they are there to provide a service but much more to make profit for themselves and therefore look at every factor that may come to play in their policies and service provision.
To this end, they have studied trends of various profiles and can comfortably project how many insureds within a profile would make a claim within a given time.
If for example, 1 out of every 1,000 insureds within a profile makes a claim of $10,000 within a year, they will still be profitable if each person in that group pays $200. This simply means that the higher the number of claims and the amount claimed per profile, the higher their rates will be.
So since women generally need to make more health insurance claims than men and therefore a higher amount, they are required by insures to pay more on their health insurance than their male counterparts.
Am I saying women can’t get lower rates? No!
Top among the many things you have to do are the following…
Let go of Tobacco and smoking.
2. Quit dangerous games and sports.
Avoid jobs that are hazardous to your health.
Lower your rates and increase your attraction by staying in shape.
Keep a constant exercise regime.
Engage in things that make you happy as happy people are less likely to fall ill.
Very importantly, get and compare quotes extensively before taking up a policy. you would be able to determine which is best for your situation.
Remember there are over 2,000 insurance carriers in the US alone. This means that you might have 2,000 different rates for your profile. Some will bill you more; some less.
Will you pay more or less? It depends on how many affordable health insurance quotes you get and how thoroughly you compare them. Compare health insurance rates today and save.
How Do I Start Getting Quotes? Start from these links Affordable health Insurance Quotes and Compare health insurance rates Chimerenka Odimba is the publisher of several finance based sites.
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