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My Health Insurance Plan's Cost Versus Age
Old 11-18-2014, 10:59 AM   #1
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My Health Insurance Plan's Cost Versus Age

I ran across a rate chart of price versus age for 2015 when looking at my renewal cost for my ACA compliant health insurance. It's a nice view of one component of what we might consider as healthcare "inflation", but is not due to inflationary changes. Here's a table I made from it, the percentage increase due to being one year older at various current ages:

Age, Percent Increase over one year younger
50, 4.69%
51, 4.42%
52, 4.66%
53, 4.51%
54, 4.66%
55, 4.45%
56, 4.62%
57, 4.46%
58, 4.56%
59, 2.16%
60, 4.26%
61, 3.54%
62, 2.24%
63, 2.75%
64, 1.63%

Tobacco use added 7.5% for ages 45-54 and 10% for 55 and above, so there is another potential bump. I don't know if those are ACA numbers or just my insurer's.

Not as bad as I was thinking after age 60, but a good 4.5% for most years before then. So if your insurance premium rises 4.5% or less from year to year that's just normal aging. More than that might be attributed to additional services or inflation.
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Old 11-18-2014, 06:00 PM   #2
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Nice bit of research...thanks.

Surprising to see the persistent 4.5% increases in the 50's, only to go up more slowly in the 60's. I guess they've got you over a barrel by age 58, so can slow down the abuse.
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Old 11-18-2014, 06:24 PM   #3
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Quote:
Originally Posted by sengsational View Post
Nice bit of research...thanks.

Surprising to see the persistent 4.5% increases in the 50's, only to go up more slowly in the 60's. I guess they've got you over a barrel by age 58, so can slow down the abuse.
Expensive (sometimes terminal) medical "maintenance & repairs " really kick in when the body is 50 , especially for those who don't take good care of the body.
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