Health Insurance Quotes Questions?
Just a guess will be ok this is for an assignment.
For a healthy adult between ages 20-35 what would the montly premium in health insurance be for a male and female?
Also, a male between the ages 35-55 and a female/male over the age of 55.
Thanks so much.
Zarnev posted: 15 May at 11:17 am
This is very difficult to answer because there is no average policy. The premium for an HMO, a PPO and an indemnity plan can vary widely. The premium varies also with the deductible, the co-insurance, the location, the co-pays and what is covered with the policy. The premium goes up greatly with age.
I did a quick quote with some of the companies that I write through and here is the range of premium from lowest premium (also highest deductible and fewest benefits) to highest premium.
Age 20:
M $23 – $224
F $26 – $427
Age 35:
M $31 – $324
F $45 – $553
Age 55:
M $100 – $762
F $100 – $676
Age 62:
M $131 – $822
F $136 – $790
mbrcatz17 posted: 15 May at 11:33 am
Under 30 is going to cost about $250 a month. 30-40 is going to cost about $350 a month. 40 – 50 is going to cost about $450 a month, and over 55 is going to cost about $600 a month, IF you can find anyone willing to sell it. Most people have pre-exisiting conditions by that time.