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Originally Posted by usshelena725
Curious with regards to the marketplace insurance options. Do the rates change based on age and health? Wonder what it would cost for a plan on my in-laws. 73yo and prior heart attack with current breast cancer.
Cause if it's the same - then 1400-1700/mo isn't horrendous.
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Not sure. They definitely don’t ask about health issues - I believe they can’t price based on health.
I see big increases every year, not sure how much is inflation vs. age-adjustments. I do expect older people will pay more since we all consume more healthcare as we age. It’s a time consuming process to analyze every year and I haven’t messed around by changing age to see what happens with rates. To do that, I believe you need to start the entire pricing process from the start. I don’t think you can just change an age variable while looking at pricing. If I see I can when I get into research, I’ll give it a shot and see how much pricing changes.