That is an excellent question! There can be a number of reasons why the price increases. The company may need to recapture expenses and profits, and raises their rates. Your health issues may have changed, or your providers changed or dropped coverage, making it more expensive to find and pay for those services. It could just be that you are a year older, and thus more expensive. I hope that helps, and thanks for asking!
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There are many reasons why your health insurance rates may be going up. Premiums naturally increase due to higher medical device, treatment and facility costs. Also, as you get older, the cost of health insurance does increase.
Also, are you correctly shopping for the lowest available rates? An experienced broker will save you time and money! And also frustration!
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Also, are you correctly shopping for the lowest available rates? An experienced broker will save you time and money! And also frustration!