Like every other insurance plan out there (auto, homeowners, disability), there is no “one size fits all” model. Instead, the differences lie in the size of the premiums, and how restrictive the plan is with regards to the consumer’s choice of doctor.
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Gender does matter— especially when it comes to insurance. Whose rates are higher? And is it justified?
The process of determining premiums based on gender is known as gender rating, and it has its critics. Here are several examples of how gender impacts your insurance rates.
Women’s life insurance rates are lower because they statistically live longer than men.
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Both Democratic and Republican members of the U.S. Congress from Florida have backed a measure to impose limits on the amount of money insurers are allowed to charge consumers living in disaster-prone areas, according to a report in the state’s Sun-Sentinel newspaper. According to the Sun-Sentinel, the Homeowners Defense Act would provide for a national catastrophe fund intended to defray the huge costs that are frequently incurred when a severe hurricane or earthquake strikes a…
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Swept to power in this week’s midterm elections, Republican Party leaders have publicly signaled their intention to rollback many provisions of the large-scale overhauls of the American health insurance system passed earlier this year by Democrats at the behest of President Barack Obama. Senate minority leader Mitch McConnell and Speaker of the House-elect John Boehner both voiced their strong opposition to the president’s health care agenda. “We can – and should – propose and vote…
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Although the landmark health care reform bill is still viewed with suspicion by many Americans, the country seems to be gradually warming to it, according to the results of a study released this month by the Kaiser Family Foundation. The study says that “a rare area of bipartisan agreement comes in public views of the ongoing disagreements between members of Congress from differing parties over the merits of the new reform law. Majorities of Americans…
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Authorities in North Dakota have some of the country’s toughest requirements for children’s health insurance, a fact that some in the state are trying to change, according to the Associated Press.
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The changes to Wisconsin’s minimum car insurance coverage levels made last year could be short-lived if GOP legislators succeed in passing a bill to repeal them.
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New provisions of the Affordable Care Act will be implemented in 2011, which may have an effect on life insurance premiums for some Medicare recipients.
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Those who smoke are frequently faced with an array of health conditions and higher life insurance premiums as a result. Medical professionals have long linked the habit to increased risks of cancer and lung disease.
Those who smoke aren’t the only ones affected by cigarettes. According to the Centers for Disease Control and Prevention, nearly 50,000 deaths per year can be attributed to second-hand smoke. Despite this, hundreds of people start smoking every day in the U.S.
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LOS ANGELES, Calif. — Thousands of residents from Los Angeles
When you’re young, long-term care insurance is not something
