Not Fair!

In looking through an industry publication I ran across an article titled "Most Insurers Charge Higher Premiums Than Quoted". My initial reaction is . . . . So? Insurance is a risk assessment, risk assumption business. It doesn't matter if you are discussing life insurance, auto insurance, homeowners insurance or health insurance. The underwriter reviews your application and makes an offer (or not) based on a financial evaluation of how much premium needs to be collected to cover the risk. But apparently some folks think it is UNFAIR to charge some people more than others. Got an insurance quote? Don’t expect it to be accurate. About 80 percent of U.S. health insurance plans raise premiums above the original quoted price for a portion of their applicants, according to new analysis. BenefitsPro At first I thought of challenging the 80% figure since roughly 70 - 80% of my clients do in fact get a standard rate. But then I reflected on the folks that apply direct through my site and remembered that probably 90% of those either never complete and submit the application or are rejected for coverage. Apparently there are quite a few folks out there who believe applying for health insurance should only require "name, rank and serial number" and others truly believe you can buy health insurance once you have been diagnosed with cancer. So why do so many of my clients get standard offers? Because I pre-screen every one of them and let them know if they are wasting their ...
Source: InsureBlog - Category: Medical Lawyers and Insurers Source Type: blogs