Why Does Health Insurance Cost So Much In California?
1492 POINTSview profileJeff DavisInsurance Advisor, Lordship Insurance Services, CaliforniaHealth Insurance, like all forms of insurance, is based on a number of calculations that associated the benefit received with risk taken by the insurer. When you look at a state like California there are many variable factors that go into pricing an insurance product; age of the insured, current health status, smoker or non smoker, current profession, current address, who will be covered under the policy, etc. California has one of the highest cost of living indexes around so as that is factored into pricing an insurance product, it affects the bottom line. To help ease the cost of health insurance here you can look at things like (1) raising your deductible (2) lowering the amount of co payment you want insurance to cover and (3) reducing the amount of benefits associated with your policy.Answered on October 10, 2013flag this answer
11783 POINTSContact Meview profileLarry GilmorePROAgent Owner, Gilmore Insurance Services, Marysville, Washington StateWhy does health insurance cost so much in CA? Well, the most common reason for premium cost is the cost of care in the area the insurance is sold. When a policy is priced, the insurance company factors in the cost of receiving care in that area. I would imagine health care services in CA cost more than say Montana.Answered on October 23, 2015+01+1 this answer
0flag this answerview more answers by Larry Gilmore
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
.JPG){kind=avatar}
