22/05/2019 0 Comments
The Illnesses that Affect Health Insurance
So you are thinking about getting health insurance? But are worried about the price of the monthly premiums. Today we are going to discuss the various health conditions – and lifestyle choices – that can lead to an increase in insurance premiums.
Smoker StatusJust another reason to give up the devil’s weed. Your status as a smoker will have a direct result on your insurance premiums. In fact, as a smoker, you’ll likely pay double the price as a non-smoker.
This is true even for those who vape. In the eyes of most insurance companies, a vaper is a smoker.
High Blood PressureAlthough extremely common in Ireland, high blood pressure can have an effect on insurance premiums. With this in mind, you should take steps to reduce your blood pressure, either with a lifestyle and diet change or by taking blood pressure reducing medication.
Most insurance companies will charge you the normal premium price even if your blood pressure is controlled using medication.
AsthmaAnother common condition in Ireland, and luckily one that rarely effects what you pay in health insurance premiums. As long as you can prove that you’re managing your asthma, you shouldn’t pay more than those who don’t have this respiratory condition.
Stress, Anxiety, DepressionMental health issues are accessed on a scale of severity. For example, those who suffer from mild anxiety, shouldn’t expect to see any difference in their insurance premiums when compared with those don’t suffer from anxiety. If an insurance company considers your mental health condition to be moderate, you will likely see an increase in premiums. If you’ve been hospitalised on multiple occasions, due to a mental health condition, you may find it difficult to get health insurance at all.
High CholesterolHigh cholesterol has been linked with a range of dangerous and life-threatening conditions. Luckily, if a person’s cholesterol is well managed, they shouldn't expect to pay more than a standard fee on their health insurance premiums.
The above is by no means an exhaustive list. A plethora of factors can affect the price of monthly insurance premiums.
To discuss how these factors may affect what you pay for your life insurance check out our life and pension insurance page or get in contact with us today.