Health Insurance Premiums Higher Due to Bad Credit??

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PostPosted: Wed May 20, 2009 12:21 pm   Post subject:   

Yes I am work in nearly all states. Health Insurance has never been effected by credit. I can't speak for disability because I do not focus on it. I've been selling health insurance for 8 years and have sold in nearly every state. I've never even heard this topic brought up before.

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PostPosted: Tue Jun 30, 2009 9:18 pm   Post subject: bad credit=poor money management  

To those who feel that bad credit = poor money management you are sadly,sadly mistaken and extremely narrow-minded.Maybe when it happens to you for whatever reason you'll wake up and understand this.NO ONE should have the "right"to use your credit score against you for anything other than money lending decisions.Your credit score DOES NOT reflect the type of person you are,nor that something that happened 20 years ago didn't teach you a valued lesson.For whatever reason,judge not,lest YOU be judged...Have a nice day! Very Happy


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gurgleschplort
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PostPosted: Thu Jul 02, 2009 2:01 pm   Post subject:   

Bad credit does not equal poor money management. However, there is certainly a high correlation.



Most people with poor credit do have poor money management skills.



Companies want to do business with people. Otherwise, they can't make money. If a company thinks that they will lose money dealing with people with bad credit, why should they be forced to do business with them?

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PostPosted: Thu Jul 02, 2009 5:43 pm   Post subject:   

Quote:
nor that something that happened 20 years ago didn't teach you a valued lesson




If this was truly the case, then an individual could have excellent credit by now. The longest that anything is allowed to stay on your credit is 10 years, with most collections and chargeoffs being 5-7 years. Unless you have outstanding tax liens, your credit could be perfect 5-10 years after you learned such a valuable lesson.



Simply put, most people with bad credit have shown that they have poor judgment and poor decision making skills. Are there exceptions to the rule? Of course there are. Some people argue that divorce is a reason for bad credit...and yes it can contribute...but it is not a valid reason.



Companies want to do business with people that are going to pay them. Otherwise companies lose money. Unless Obama gets any brilliant communist ideas about making companies do business with people who will not pay their bills, then this is America. It is a free country and companies and people can do business with whomever they like.
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PostPosted: Fri Jul 03, 2009 1:48 am   Post subject:   

By law health insurance companies cannot single out individuals after you have been approved and then had issues with your credit. I have never heard that health insurance company will increase your rates due to your credit. Infact I have been working with over 17 health insurance companies for over 6 years and I have never, ever heard of anything like that. What is health insurance have to do with your credit?

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PostPosted: Fri Jul 03, 2009 7:52 am   Post subject:   

Hello Donreyes,



Quote:
What is health insurance have to do with your credit?




Agreed, but what would you say about the P&C producers who are increasingly checking with credit scores before writing businesses?
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PostPosted: Fri Jul 03, 2009 9:46 am   Post subject:   

With P&C, in many states, credit does impact premium. For auto insurance, there is a correlation between claims and credit scores.

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PostPosted: Thu Aug 06, 2009 5:55 am   Post subject:   

Never heard of that practice here in California.



(for traditional health insurance)



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PostPosted: Mon Sep 07, 2009 11:26 am   Post subject:   

I understand this kind of things, insurance company wanna get steadly preminum. And for ourself we should notice,

The first step is to decide that how much insurance is needed. We can know this ourselves or take help of an insurance expert having full knowledge of insurance policies and procedures. We can also follow self-help books & software programs to find out our insurance needs.

The second step, what kind of insurance policy we want; and what type of health insurance we need.

Then we can choose the amount of premium, if we have money or earning problem we can disscuss with the agent.

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