Health insurance rates are skyrocketing, and women are bearing the brunt!
Right now, in 37 states itís perfectly legal for insurance companies to charge women higher rates than men for healthcare coverage, or refuse to cover them altogether. Itís called gender rating, and insurance companies insist that, in many cases, women are just too expensive to cover!
This isnít just one or two companies doing this. A survey of the best selling individual healthcare plans in the country found that 95-percent of them have different rules and rates for women and men and sometimes the rules donít seem to make sense! For instance, a majority of companies charge a 44-year-old non-smoking woman almost double what they charge a man whoís the same age but DOES smoke.
One woman we read about wanted to test out the theory that women are getting over-charged or denied just because of their gender. So she applied for 6 different policies, once as a man and once as a woman. On each application she put the exact same medical information. As a man she was offered policies by 2 out of the 6 companies. As a woman, she was turned down by every single one. The insurance companies say theyíre doing their job.
Women go to the doctor more often and use more medications, so theyíre more expensive to cover. However, industry analysts say thatís true, but women should actually be rewarded for keeping up with their healthcare. Studies show that preventative care ultimately saves money, because it heads off more expensive to treat diseases.
If youíre a woman struggling to get covered, help is on the way. The new healthcare law that goes into effect in 2014 will outlaw gender rating. But if you need help right now, check out Healthcare.gov. Itís a website that will point you in the direction of public healthcare options so you can get covered as soon as possible!
What are We Spending 20% More Money on Every Year Even Though We Need it Less and Less? According to Reader's Digest, Baby stuff! Clothes, cribs, toys, books, and games. Even though the bi… Easy Ways to Save Money Forget about spending habits - we’re going to talk about saving habits! Here are four ways to … Retail Rip-Offs To Watch Out For The out-of-control economy has retailers really feeling the pinch. In order to survive, they’r… Protect Yourself from Identity Theft Identity theft is a BIG problem, striking over 7,000 people EVERY day. In other words – you ne… If balancing your checkbook makes your head explode – this is for you You may not know it, but stress not only wipes out your physical energy, it exhausts your brain cell… Simple Human Error Is The Main Cause In Many ID Theft Cases We talk a lot about identity theft on this show, mainly because ID thieves victimized more than 10 m… Save Over Two Grand! Wanna save over 2 grand a year? Well, author Ellie Kay wrote a book called "A Woman's Guide To Famil… Effective Ways to Save Money If you’re like most people, you’re feeling a little bit of a pinch in the old wallet, an… The Worst Types of Consumer Fraud The financial news is grim these days, and while we’re all struggling to make ends meet, scamm… Sales Advice From The Girl Scouts' Top Cookie Sellers Did you know that Girl Scout cookies account for $700-million in sales every year? That means those … Answers to Important Credit Card Questions The average household racks up nearly $1,600 in credit card debt over the holidays. No doubt youR… Tricks Retailers Use to Get You to Spend! There are all kinds of tricks retailers use to get you to spend, spend, spend! But if you know what … If You Wish You Had More Hours of Daylight, Your Wish May Soon Come True If you wish you had more hours of daylight, your wish may soon come true. According to the Associate… There are certain things everybody should know when it comes to spending money Which is why Money Magazine published a list of 101 things everybody should know about shopping, rea… Surprising Things That Happen When Oil Prices Go Up When oil prices go up, it affects a lot more than what you pay at the gas pump. Check out this list …
Are You Looking For A Job? Resumesponge is a social networking site for job seekers, similar to Linkedin. You can post your r… Is Your Man Having Bromance? Do You Have A Pushy Boss? Get Out of Debt - Go On A Debt Diet DON'T Make These Mistakes After You Get Whatís Love Got To Do With It? Do you know what it takes to keep a couple together?… Email Rage Can Get You Fired Protect Yourself From Bad Tax Preparers Savings Traps to Avoid How to Boost Your Mental Muscle! Good Signs at an Interview Safety Devices That Are A Must Have In For the safety conscious, side and head curtain airbags in newer cars have been shown to reduce fata… Venting About Your Job on Facebook is a Student GPS System Tips To Reach Your Financial Goals This