There are several factors that go into calculating your health insurance premium, including your age, location, tobacco use, and the plan you select.
Your age is one of the biggest factors in calculating your premium. Generally, younger people will have lower premiums than older people. This is because younger people are typically healthier and thus less expensive to insure.
Your location also plays a role in your premium. If you live in an area with a lot of medical facilities, your premiums will be higher than if you live in a less developed area. This is because there will be more expensive procedures and treatments available in a more developed area.
Tobacco use is another factor that will affect your premium. If you use tobacco, you will be charged a higher premium than someone who does not use tobacco. This is because tobacco use is a major risk factor for many health problems, including heart disease, cancer, and stroke.
The plan you select will also affect your premium. If you choose a plan with a higher deductible, your premium will be lower than if you choose a plan with a lower deductible. This is because you will be responsible for paying more of your medical expenses out-of-pocket if you have a higher deductible.
There are many other factors that can affect your health insurance premium, including your family history, weight, and whether or not you have any pre-existing medical conditions. However, these are some of the most common factors that insurers will consider when calculating your premium.
