Southeast Insurance Solutions, Inc.
Southeast Insurance Solutions, Inc.
2137 Chatham Avenue
Charlotte, NC 28205
Phone: 704-560-8972
Email: info@seinsurancesolutions.com
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How Premiums are Determined When Buying Health Insurance in North Carolina

A premium is the monthly cost of keeping your insurance policy in effect. When buying health insurance in North Carolina it is important to understand how your premiums are determined. The cost of your monthly insurance is going to be determined by a variety of factors, including your age, build, lifestyle and your current health status. It's important to first understand that when you are searching for health insurance quotes on the internet all the rates that you see are quoted as best case scenario.  This means that the rate you see may or may not be what you actually qualify for. Let's take a look at how a few of these factors may effect your final premiums.

Preexisting conditions are the biggest factor in determining your eligibility for individual health insurance. Conditions such as heart attack, stroke, cancer, COPD, MS and diabetes will make you ineligible for coverage by all the major carriers.  However conditions like asthma, high blood pressure, high cholesterol, depression and anxiety will likely end up with either a rider or a rate up depending on the carrier.  The rateup could be as little as 10% or as high as 300%.  This is where working with a licensed health insurance broker will save you a lot of time and money.

A persons build can make a significant difference in their monthly premiums when buying health insurance in North Carolina.  Not just their build size but the combination of build plus other risk factors can cause a decline. For instance a person that has a ratable build (but not large enough to be declined solely for this) may be declined if they have one or more conditions such as elevated blood pressure and/or cholesterol or use tobacco. A person that is physically fit or at least has a good BMI will see a better return on their premiums.

And finally a persons age will make a difference in their monthly premiums. It's a fact that as we get older our health begins to decline which leads to more use of the health care system. Because of this increased use North Carolina health insurance companies rates will be higher for a 61 year old female than will be the rates for a 41 year old female with similar risk factors.

As you can see a lot of things (and even more than listed here) determine what your premiums will be. There is a lot more to it than simply doing an internet search and picking out the cheapest plan. Each carrier will determine final rates differently so it is best to work with a professional from Southeast Insurance Solutions, Inc as we only deal with health insurance in North Carolina.



 

Southeast Insurance Solutions, Inc.
2137 Chatham Avenue
Charlotte, NC 28205
704-560-8972