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>>The only factors allowed to price insurance is age, location, and tobacco use. Not necessarily. Self funded plans are underwritten. Fully Insured over 50 fte plans are underwritten. A carrier will underwrite based upon Medical History. Individual Short Term Medical plans are also underwritten. >>It applies to all non-Medicare, non-Medicaid, non-grandfathered[0] plans for people under the age of 65. Incorrect, see above. >>Ironically, once you turn 65, all bets are off: insurers can factor your age into your premiums, and people often get a massive rate hike then (usually prompting them to switch to Medicare). Again, not necessarily, Nearly all Americans over 65 have Medicare, as part A is required. The States regulate these plans so each state may be different in some way. Medicare supplements are often underwritten, but can be guarantee issue, again depends on the State. >>A small percentage of employer-provided pre-ACA plans are grandfathered Correct, these are getting priced out. They are underwritten. If you are on a GF/GM plan, then switching to LFP or similar is likely a smart move. |