1.Discuss the major factors undermining private health insurance coverage for many individuals. 2.How does income affect...

1.Discuss the major factors undermining private health insurance coverage for many individuals.

2.How does income affect individuals from maintaining Medicaid?

Solutions

Expert Solution

The factors that really affect the health insurance coverage includes the following;

· Pre existing medical conditions; if any previous medical history is there then the policy holders will not be covered under the insurance premium

· Family medical condition; If the policy holders have previous history of minor ailments, then the insurance premium will be much higher than the others.

· Body mass index; If the person have high BMI then they will be issued the insurance with higher premium as compared to others.

· Injurious substances; If the person have any bad habits like smoking, alcoholism, then it can affect the health of the person. So, in such cases, then the premium is high

· Gender/ age; As age increases, then mostly the premium will be high

· Choice of profession; policyholders who are working under risky conditions, then they have to pay high premium since they are more prone to various diseases.

· Marital status

· No insurance yet; if they do not have any insurance yet, then usually they charge high premium as compared to others.

· Location of stay

Thus these are the factors that really affect health insurance coverage.

2. Medicaid income is usually based on the monthly income. Only for those who have variation in monthly income should be planned properly so that they can plan accordingly to balance their monthly budget.

Nightingale answered 1 year ago

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