| If you pay attention to your own personal | | | | The other reason why you are most likely to |
| health insurance rates, you are likely to | | | | find yourself paying more for health |
| notice that over a period of time they are | | | | insurance coverage is that you are costing |
| quite likely to go up. Most people are aware | | | | your insurance company money. The more |
| of the fact that health insurance premiums | | | | insurance claims you make, the more money the |
| tend to increase over time, and these jumps | | | | company needs to spend on you. This makes |
| in cost can present quite a financial strain | | | | you, to some extent, a financial liability, |
| for somebody who is on a tight budget. In | | | | so if you make claims often your company will |
| order to be able to best anticipate when your | | | | raise your rates. Because of this fact, the |
| rates will go up in the future, it is a good | | | | same people who need health insurance the |
| idea to spend some time learning about how | | | | most are the ones who often end up straining |
| health insurance rates are calculated and why | | | | to make their monthly payments after a sudden |
| they sometimes head skyward. | | | | increase in their insurance rates. |
| | | | |
| Although many people notice their health | | | | To protect themselves, insurance companies |
| insurance rates going up, few people ever | | | | usually offer higher rates to different |
| remark on their health insurance rates going | | | | people depending on how often those customers |
| down. Premiums very rarely fall, and the | | | | are likely to make claims. This is why people |
| reason for this fact is the same reason for | | | | with chronic conditions like asthma, vision |
| most increases in health insurance rates. | | | | problems, or diabetes are likely to have |
| Like any other field of the modern business | | | | higher rates than people without similar |
| world, the health care industry is profoundly | | | | afflictions. It is also the reason why people |
| affected by inflation. As the cost of living | | | | who smoke and are therefore likely to have |
| rises, the cost of medical care rises with | | | | smoking-related health problems have higher |
| it. This means that insurance companies are | | | | insurance premiums than most non-smokers, who |
| forced to raise their rates to avoid losing | | | | are statistically less likely to make health |
| money. Inflation is widely considered by | | | | insurance claims. If you have recently |
| economists to be the primary reason why | | | | visited a hospital or have had a doctor write |
| health insurance rates increase. | | | | you a new prescription, prepare to see your |
| | | | health insurance rates increase accordingly. |