Original Medicare with secondary health insurance from private company, plan G
Hi, I was recently told that the 30% raise in my premium was due to 3 different assessments, based on my zip code. Nothing specific, mind you:
9% raise because i bought the insurance a month before the rates went up for 2021.
14% raise for 2022.
7% they are guessing would be because of an age assessment.
I have had no medical events this last year and my benefits that they had to pay amounted to about $45 a month, which included a constant equipment rental and a couple of yearly series of tests.
Basically, the premium raise covers what they will spend this year, if everything remains the same. And they still get my original premium which is 3 times the amount of the raise.
So I am curious how actuaries figure out these “bands” of people(?) and how they come up with the percentages etc.
If anything, maybe someone can point me in the direction of an easy to understand article that explains how they do all this.
: ) thanks
submitted by /u/arootytoottoot
[link] [comments]Original Medicare with secondary health insurance from private company, plan G Hi, I was recently told that the 30% raise in my premium was due to 3 different assessments, based on my zip code. Nothing specific, mind you: 9% raise because i bought the insurance a month before the rates went up for 2021. 14% raise for 2022. 7% they are guessing would be because of an age assessment. I have had no medical events this last year and my benefits that they had to pay amounted to about $45 a month, which included a constant equipment rental and a couple of yearly series of tests. Basically, the premium raise covers what they will spend this year, if everything remains the same. And they still get my original premium which is 3 times the amount of the raise. So I am curious how actuaries figure out these “bands” of people(?) and how they come up with the percentages etc. If anything, maybe someone can point me in the direction of an easy to understand article that explains how they do all this. : ) thanks submitted by /u/arootytoottoot [link] [comments]Read Morer/HealthInsurance