The Pros And Cons Of Health Insurance Companies

Many small business are face with the dilemma regarding health insurance. The cost of providing employer sponsored health insurance has increased dramatically over the last decade. Health insurance companies determine a premium price based on risk factors on the members of small businesses. Small business premiums that have employees that are healthy shouldn’t have to pay high premiums or not be insured because of someone else health history.
Health Insurance companies penalize people who smoke cigarettes or chewing tobacco. They charge higher premiums or refuse to provide them with coverage. People that have also quit using tobacco within the last several years are penalize. It can take someone several years to recover from a lifetime of smoking tobacco and it takes time for his or her risk of disease to decrease. Many plans provide coverage for smoking-cessation products but their premiums will be high. Their impact their health will cause others to have high premiums.

Younger individuals have Premium prices that are usually lower. Young people have fewer diagnosed and undiagnosed health conditions than older people, and are less likely to develop health problems. Young …show more content…
If your neighbors or coworkers have high health insurance premiums, you may also pay more for health insurance. This does not reflect upon you as an individual, but instead reflects the insurance company’s statistics, which may show that people in your area aren’t as healthy as people in other areas. Move to another area, and you might see a dramatic drop in premium prices. Furthermore, insurance companies factor the cost of complying with local laws into the cost of your insurance premium. If the cost of doing business in your area is less expensive for the insurance company, that cost will be passed along to