Is My Insurance Cheaper if I’m Healthy?

This video clarifies misconceptions about health insurance pricing under the Affordable Care Act (ACA).

• The ACA prevents health insurance rates from being based on personal health or healthcare usage.
• Insurance costs can vary by:
  1. Coverage Tier: Rates differ based on the level of coverage and the number of dependents included.
  2. Age: Some companies use “age-banded” pricing, leading to different rates for individuals of different ages.
  3. Plan Design: Choosing between plans with varying degrees of risk and coverage can affect the cost.
• Understanding these factors can help individuals make informed decisions about their health insurance options.