Comparing health insurance to car insurance

Wesser

If you get sick . .. have an accident.... or get a lung condition because you smoke your health insurance does not go up .

But if you are involved in an accident then your car insurance does go up.

Why is this.

Surely an accident is not intentional but smoking is an intentional act.

Sue Pa Key Pa

Are you saying your health insurance never increases?

Wesser

It increases extremely slowly as does everyone else's. It's across the board. Everyone increases together. Theres no blame attached to any one person.

In car Insurance, it increases dramatically if there is a claim made .

Del2005

Because the government thinks that the young and healthy should subside the health insurance of the elderly and unwell, but they allow the all other insurance operator on a risk basis.

If you want to change the system you need to vote, see how quickly the voting pensioners got the medical card changes, and unfortunately not enough people who vote raise insurance issues.

AvonEnniskerry

Your quote would be higher if there's any pre existing medical conditions or if you're a smoker

Wesser

AvonEnniskerry wrote: »

Your quote would be higher if there's any pre existing medical conditions or if you're a smoker

No it wouldn't!!!

Liam McPoyle

The driving force behind motor insurance costs is the third party liability as in someone can potentially claim off your insurance.

This does not apply for health insurance.

It's pretty simple tbh.

Liam McPoyle

Wesser wrote: »

No it wouldn't!!!

Smokers or people with pre existing conditions will pay more for health insurance because they are a higher risk.

august12

People with pre existing conditions have a waiting period before they are covered on their policy but it is not more expensive for them.

People who purchase life insurance and have a pre existing medical condition or smoke will pay a higher premium than those who have a clean bill of health.

Cupra280

Car insurance is compulsory, health insurance is optional.

If insurers started citing claims history to determine premium, the number of people buy policies would drop. In my opinion.

Sue Pa Key Pa

Rod Munch wrote:

Smokers or people with pre existing conditions will pay more for health insurance because they are a higher risk.

They don't pay extra

grogi

Sue Pa Key Pa wrote: »

They don't pay extra

Ironically, a statistical smoker costs an insurer much less than non-smoker....

The first one gets sick and very often does not need insurance soon after
The later lives long and relatively health life, but needs expensive care for many long years at the end...

So if it was for pure risk and cost analysis, smokers should pay less...

Liam McPoyle

Sue Pa Key Pa wrote: »

They don't pay extra

Really?

Maybe I'm thinking of life.

grogi

Rod Munch wrote: »

Really?

Maybe I'm thinking of life.

Probably. Smokers have much shorter expected life time.

Foweva Awone

It's called Community Rating - one of the principles of health insurance in Ireland.