| Message |
Author |
|
 Posted: Mon Mar 16, 2009 10:33 am Post subject: |
|
|
| You have to look at it from the insurers side I guess. If someone was more likely to pose a risk then they would charge them more sonce the chances of paying out higher claims is more than likely. I know it may seem unfait but if you look at all angels and the different insuracnes it pretty much weighs out. |
|
fireyone
Senior member
Joined: 07 Jan 2008
Posts: 1993
2.31 Dollars($)
|
|
| Posted: Mon Mar 16, 2009 11:00 am Post subject: |
|
|
Health insurance rates are generally based on morbidity over the course of a period of roughly 12 months. Most companies will adjust their rates approximately once per year.
Life insurance rates are based on mortality over the period of the term. Over the course of the term (i.e. 10 year term or 20 year term) I assume that women's mortality is still lower than that of men's who are in the same age range.
I haven't seen the statistics you refer to, but it may be that women's mortality goes up during their childbearing years, but not enough to be equal to male mortality.
_________________
Free insurance sales lead SEO tips
Personal insurance
CT health insurance
insurance sales leads |
|
Alston
Preferred member
Joined: 15 May 2007
Posts: 136
Location: Bridgeport, CT
41.26 Dollars($)
|
|
| Posted: Mon Mar 16, 2009 11:32 am Post subject: |
|
|
| Quote: | | men have as many, if not more Health problems than women do. Woman and men SHOULD be charged equally. |
I disagree with this statement (regarding health ins and premiums) SD based on the ''average'' guy...most won't go to the doc to begin with...they don't have yearly pap test, no child birth expense of course...never anything like a hysterectomy, no yearly mamograms..it just doesn't take as much to keep their 'parts' in good working order...now when they age...50-60plus...then they make have close to the same as a woman would have...Just ask yourself on the whole who goes to the doc more men or women? | Quote: | | then why isn't she charged extra on her life policy in this period? |
I 'think' because they live longer, and have less heart problems (which is also changing) than men..
I totally agree though that teen girls are not better drivers than boys...seems to me (from 20 plus years in auto claims) boys accidents are generally due to higher speeds...and larger hits...but girls have a lot more accidents...talking on the phone, putting on make up looking everywhere but the road, and at 16 they know everything there is to know!  I taught a girl and boy to driver, give me the boy any day! Also just in traffic in general, 90% of the time it's the teen girl that wandered into my lane or nearly hit me...rather than the boys.
_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
|
Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
287.90 Dollars($)
|
|
| Posted: Mon Mar 16, 2009 12:14 pm Post subject: |
|
|
Well, I think this is completely fair play. Women go to the doctors more than men do, have more complications than men do, get more tests done than men do (may be more can be added to the list) and hence pay more health insurance premiums. Men are more prone to road accidents than women and likely to make more auto insurance claims than women do and hence men pay more auto insurance premiums compared to their female counterparts 
_________________
AmPmInsure Blog |
|
sil
Community Writer
Joined: 30 Sep 2005
Posts: 483
89.47 Dollars($)
|
|
| Posted: Tue Mar 17, 2009 9:50 am Post subject: |
|
|
i agree with Alston on this issue,as many of the actuaries will decide the premium on the basis of the mortality.
Mortality depends lot more on the geographic location and past history.If in some areas where mortality rate of the women is higher as compared to men then it is for very sure that they should be charged less as compared to the men. 
_________________
www.Parthaconsultancy.info
Its my personal website. |
|
amit
Senior member
Joined: 25 Jan 2009
Posts: 366
8.19 Dollars($)
|
|
| Posted: Tue Mar 17, 2009 2:47 pm Post subject: |
|
|
I'd like to think that insurance premiums are driven by statistics and not gender bias.
I know that there have been issues in the not to distant past where women have been discriminated against with insurance. In the 70s a woman would have a difficult time getting car insurance, for example.
Premiums for health insurance are higher for women during their child bearing years, and the same or lower afterward. This to me is an indication that the rates are higher because their expenses is higher.
This is due to biology, not an unfair gender bias.
Actuaries don't like to make assumptions. They look at statistics and see which ages, genders, medical conditions, etc. cost them money and charge accordingly. The math determines the rates and not politics or gender bias. If that weren't the case, life insurance rates would not be cheaper for women.
_________________
Free insurance sales lead SEO tips
Personal insurance
CT health insurance
insurance sales leads |
|
Alston
Preferred member
Joined: 15 May 2007
Posts: 136
Location: Bridgeport, CT
41.26 Dollars($)
|
|
| Posted: Thu Mar 19, 2009 6:03 am Post subject: |
|
|
Insurers use what are called "morbidity tables" when establising rates for medical expense coverage. They deal with the average length and cost of disabilities and medical treatments. For comparison, life insurers use "mortality tables" to predict the average number of deaths every year per 1,000 male and female lives at a given age. It's all in the statistics.
In life insurance, the stats overwhelmingly show that, on average, men die earlier than women. You all know that. That's why men, all things being equal, pay more than women for life insurance.
In health insurance, morbidity tables show, on average, that women have more, and more varied health concerns when compared to men. So, that's why women typically pay more for medical coverage.
Notice I said that the statistics represent averages, and should not be interpreted to imply this would apply in all cases or at all ages. There are tons of other things that come into play when considering premium rate structures, and every carrier is different. So...that's it. It's in the stats. Game over.
InsTeacher  |
|
InsTeacher
Moderator
Joined: 13 Aug 2007
Posts: 1331
Location: Oregon, USA
118.58 Dollars($)
|
|
| Posted: Sat Mar 21, 2009 3:58 pm Post subject: |
|
|
| Quote: | In life insurance, the stats overwhelmingly show that, on average, men die earlier than women. You all know that. That's why men, all things being equal, pay more than women for life insurance.
In health insurance, morbidity tables show, on average, that women have more, and more varied health concerns when compared to men. So, that's why women typically pay more for medical coverage.
|
i suppose this could be a generalised conclusion of the discussion
.Men are charged less in health insurance while women are charged less in life insurance
again i need to remind that this is just a generalised aspect of the discussion there are so many other considerations for any specific case
_________________
www.Parthaconsultancy.info
Its my personal website. |
|
amit
Senior member
Joined: 25 Jan 2009
Posts: 366
8.19 Dollars($)
|
|
| Posted: Sat Mar 28, 2009 2:49 am Post subject: |
|
|
When thinking about healthcare premiums and the idea that men pay less than women, most people only consider pregnancy and it's related complications, but there are many other things to consider.
Remember that women generally outlive men by 3-4 years on average. That means 3-4 more years of healthcare needs. While it could be argued that most of that is paid by other insurance coverage such as long-term care, Medicare and it's associated supplements and MA plans, Medicaid- it all comes out in the wash. It's a domino effect, and it all starts at the hospital and doctor's offices. The cost of medical treatment is spread throughout the spectrum of payors, and you cannot just think that just because Medicare is paying for certain costs that it doesn't affect your personal healthcare premiums. It does, and it does so absolutely.
Secondly, statistics show that when men contract (again, on average) serious disease, they tend to "expire" much more quickly than women with comparable disease or disability. While it's true that men contract diseases that are different than women, women have their own set of issues that you're well aware of- breast cancer, menopausal issues, higher incidents of mental-health issues to name a few. These issues tend to "linger" longer than men's problems as well, and that in turn creates a higher healthcare cost.
These are just a couple of responses to your question, which was a good one!
InsTeacher |
|
InsTeacher
Moderator
Joined: 13 Aug 2007
Posts: 1331
Location: Oregon, USA
118.58 Dollars($)
|
|
| Posted: Sat Mar 28, 2009 9:53 am Post subject: |
|
|
There is myth that women are more likely to visit doctors for health checkups and prone to illness. I think insurance companies have not been dealing this issue earnestly.
Health care is human right and should not be gender specific. Consider the age group of 25-35, where health care claims are more in case of women. Probably the solution to resolve it by increasing and balancing the premium of men of age 25-35 if couple is married. |
|
lovelyppl
New member
Joined: 28 Mar 2009
Posts: 12
4.77 Dollars($)
|
|
| Posted: Sat Mar 28, 2009 12:50 pm Post subject: |
|
|
I'm sorry I total understand why women's heath care is high..we cost more. it is just THAT simple.....why do young men and women from 16-25 paying higher auto ins...because they cost more..why do young men cost even more than young women in that age bracket? because they cost more..(although that is changing) it's just THAT simple..why on earth would the ones that cost more not expect to pay more? I'm in that very group...and I'm here to 'testify' that I and my daughter sure has heck have costed our health carrier about a thousand times more than my husband or son (when the kids were home and on our policy)...more over both of my grandmothers, and mothers (counting my step mom too) have cost their carriers WAY more than the men on their policys...it's just math...nothing to get worked up about...it levels out and off as we age..(high for everyone)...
I'm sorry, once again, I just don't understand why anyone would think that those that cost more wouldn't owe more??? 
_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
|
Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
287.90 Dollars($)
|
|
| Posted: Sat Mar 28, 2009 1:46 pm Post subject: |
|
|
| Quote: | | I just don't understand why anyone would think that those that cost more wouldn't owe more??? |
i fully agree on this aspect rather whole insurance industry decides their insurance premium on this single aspect of 'one who cost more owes more' so it is really an universal truth.there should not be dispute in any person's mind about this.
_________________
www.Parthaconsultancy.info
Its my personal website. |
|
amit
Senior member
Joined: 25 Jan 2009
Posts: 366
8.19 Dollars($)
|
|
| Posted: Tue Mar 31, 2009 5:34 am Post subject: |
|
|
Lori said (  )
| Quote: | | I'm in that very group...and I'm here to 'testify' that I and my daughter sure has heck have costed our health carrier about a thousand times more than my husband or son (when the kids were home and on our policy)...more over both of my grandmothers, and mothers (counting my step mom too) have cost their carriers WAY more than the men on their policys...it's just math |
OK...I have a wife, two daughters and a son. Lori, I feel your pain. The females in my family would have bankrupted me if it weren't for my (thank god) good healthcare coverage. My son and me? Not even close. N O T E V E N C L O S E ! ! ! I swear, it's always something. My son and I just look at eachother all of the time and shake our heads. It's never anything serious, it's just ongoing stuff!
It's in the numbers, and no matter how you want to argue it, it is what it is. You can cry "foul" and declare discrimination 'til the cows come home and it's not going to matter. Insurers have historically and will always use the numbers to decide just about everything. Usually it works out. Sometimes it doesn't. (Just ask AIG and their credit debt swaps...ahhh, the derivatives market, thank you!  ) Sorry, the numbers things brought that into my mind.
InsTeacher |
|
InsTeacher
Moderator
Joined: 13 Aug 2007
Posts: 1331
Location: Oregon, USA
118.58 Dollars($)
|
|
| Posted: Tue Mar 31, 2009 11:32 am Post subject: |
|
|
| Quote: | | But, a woman is also at greater mortality risk during her child bearing phase, then why isn't she charged extra on her life policy in this period? |
I think it's not the same with the advanced nations. Had there been so many pregnancy related deaths it would have affected the insurance rates uniformly. Again, pregnancy is a natural condition and the body of a woman is pretty much equipped to deal with this stress. It can't be compared with external damages like smoking or chewing which would affect and weaken your body parts thus leading to other health problems in the future.
_________________
Register Now to have your Insurance queries solved. |
|
anonymous00
Guest
|
|
| Posted: Tue Mar 31, 2009 6:32 pm Post subject: |
|
|
| Quote: | | It's in the numbers, and no matter how you want to argue it, it is what it is. |
INS one thing i will add to it, numbers is not only referred by only insurance companies rather in any business success or failure of the system is measured in terms of numbers only.
so numbers are important when it comes to running a successful business.
but the other side of the story is all the NGO's all social welfare institutes will measure their success in terms of the improvement in the individuals life not only with figures.
so here also numbers are important but not at the cost of the individuals lives (standard of living).they will measure their success in terms of happiness.
pursuit of happyness
_________________
www.Parthaconsultancy.info
Its my personal website. |
|
amit
Senior member
Joined: 25 Jan 2009
Posts: 366
8.19 Dollars($)
|
|
Previous 1, 2, 3 Next 
