In most other cases of Insurance, women get the better deal. But Health insurance decides otherwise. Why Women get higher rates than Men when it comes to health insurance is exactly what I would Examine here.
Lets look at some of these issues.
There is a general consensus that Women tend to require more health attention than men. Why? Lets try to find out.
Every normal female experiences menstrual cycle. We all know that blood flows during this period and there are pysychological issues. From a particular age to menopause, this cycle continues apart from during pregnancy. Are we considering the number of years if we were to count the blood flow in years? Does this have any implication on the health needs of women generally?
This is one issue.
As if this is not enough, women also bare children. The period of gestation takes its toll 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.
Reminding ourselves that insurance companies are not government aid agencies but businesses out to make profit, we would see why they need to take these factors into consideration.
The major factor they take into consideration is what percentage of any group of insureds would likely make claims, the amount claimed and the consequences to their business.
Lets try to make it clearer. If a certain percentage of a group of insureds make a claim, their overall rate must be such that the insurance company would still make profit. For example, 1 out of 100 insureds make a claim of $1000 and the the insureds pay a rate of $100, the company would still make profit and can even afford to lower the rates.
Following the above, we would see that since women are known to generally claim on their health insurance more than men, they would necessarily be required to pay more rates than men.
Am I saying women can’t access affordable health insurance? No!
Just follow the the tips listed below and you would be sure to get a more affordable health insurance coverage.
Stop dangerous games and sports.
Any jobs that are hazardous should be avoided.
Lower your rates and increase your attraction by staying in shape.
A regular exercise routine is also necessary.
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 decide which is best for your situation.
With over 2,000 companies providing health insurance, you would surely have varying rates. So take your time and get the most affordable health insurance coverage.
Whether you pay more or less could be determined by the number of quotes you get. The more quotes you get, the more options you have.
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Tags: Health and Fitness