80% Of Healthcare Plans Raise Price After Quote
Eighty percent of U.S. health insurance plans raise premiums above the original quoted price for a portion of their applicants, a health consumer firm says.
Companies that increased premiums on applicants most frequently were for-profit
"Consumers cannot objectively compare health insurance premiums prior to application because insurers base their initial rates on the healthiest applicants, and for many these rates would not apply," Coleman said in a statement. "When insurers wait until an application is reviewed to reveal the true monthly premium, it is impossible for consumers to know what health insurance plan is the least expensive for their circumstances."
HealthPocket said the analysis involved 10,817 health insurance plans for individuals and families age 65 and under.
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