Women, as a group, get far better deals on auto and life insurance. But once it comes to health insurance, a woman will attract higher rates than a male counterpart. Why is this so and what can a woman do to pay far less?
First, let’s explain why this is so…
It’s been proven that the female of every species tend to require more health care than their male counterparts. And it does make sense for the human race for the following reasons…
Menstrual period or cycle is a common and normal occurrence with every healthy female who is within the age bracket. Blood flows for some days, every month from having attained puberty to menopause (except when pregnant). If we were to calculate the amount of blood flow and the effects health and psychology, we would agree that women require more health care.
In addition, women get pregnant and bare children. They require special care during this period but we are not even looking at this but at the demand made by these pregnancies on the woman’s body even after child birth. We would agree that they require more health care.
Now, we must understand that insurance companies, like every other business out there, are out to make a profit. Miss this important fact and you’ll wonder why a lot of things are the way they are.
To this end, they have studied trends of various profiles and can comfortably project how many insureds within a profile would make a claim within a given time.
Look at it this way. If a certain percentage of a group of insureds make a claim, their overall rate must be such that the insurance company would still make profit. For example, 1 out of 100 insureds make a claim of $1000 and the the insureds pay a rate of $100, the company would still make profit and can even afford to lower the rates.
So since women generally need to make more health insurance claims than men and therefore a higher amount, they are required by insures to pay more on their health insurance than their male counterparts.
So how do you still attract cheaper rates as a woman?
Top among the many things you have to do are the following…
Give up tobacco and smoking.
2. Quit dangerous games and sports.
Avoid jobs that are hazardous to your health.
Lower your rates and increase your attraction by staying in shape.
Keep a constant exercise regime.
Engage in things that make you happy as happy people are less likely to fall ill.
7. Get and compare quotes from a wide range of insurers. Different insurers have different loss and claims histories. Furthermore, they also have different weightings for the different factors that are used to determine your rates.
Health insurance is offered by over 2,000 companies. So you need to get the rate that suits you best.
Will you pay more or less? It depends on how many affordable health insurance quotes you get and how thoroughly you compare them. Compare health insurance rates today and save.
How Do I Start Getting Quotes? Start from these links Affordable health Insurance Quotes and Compare health insurance rates Chimerenka Odimba is the publisher of several finance based sites.
