Through this article we are going to share with you the information about the factors that affect health premium.
Many factors that affect how much you pay for health insurance are not within your control.Here we are sharing with you the 5 key factors that affect how much health insurance premiums cost.They are mentioned below,
1:State and federal laws,
Legislation dictates what health insurance must cover and how much insurers can charge.
2:Type of insurance,
Whether you are insured by an employer group plan or buy it on your own is a factor in how much you will pay.
Low wage workers tend to pay more through employers but may pay less through a federal or state exchange due to subsidies.
Health Premium affect the size of employees.
5:State of residence,
Premium prices vary depending on the state and county.