How much does it cost to buy health insurance in your 50s?

How much does it cost to buy health insurance in your fifties? It depends on what kind of health insurance you buy. There are many factors that affect the premium. For example, it usually costs hundreds of dollars to buy a medical insurance and thousands of dollars to buy a critical illness insurance. Everyone has a different budget for insurance. For the convenience of everyone, Senior Sister has compiled a list of critical illness insurance products with different budgets. Friends who want to know can have a look: Super Practical Lazy Raiders: Critical illness insurance recommendations with different budgets.

So, what are the factors that affect the price of health insurance?

1, guarantee period

The longer the guarantee period, the higher the risk the insurance company bears and the more expensive the premium price will be. For example, if the coverage is similar to other conditions, lifelong critical illness insurance will be more expensive than regular critical illness insurance.

2. Term of payment

The longer the payment period, the less premium will be shared each year. Of course, the factor of payment period is mainly aimed at some types of insurance with long protection period, such as critical illness insurance. So, how should we choose the payment period? Friends who want to know may wish to read this article: How to choose the payment period so as not to lose money?

3. Age

The rate of health insurance is influenced by age. For adults, the older they are, the more expensive they are. Because the younger adults are healthier, the lower the probability of being out of danger, and the lower the risk of claims undertaken by insurance companies. The cost of insurance companies is low, and the price of health insurance will be lower.

4. Insurance amount

The higher the general coverage, the more expensive the price, such as critical illness insurance. Because the insured amount is usually linked to the insurance compensation paid by the insurance company, the higher the insured amount, the greater the loss of the insurance company.

So, how to buy health insurance for friends in their 50 s is more cost-effective? If you want to know, you can look here: what kind of insurance is good, how to buy it cost-effectively, and teach you to avoid these pits of insurance.

Hope to adopt!

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