Mysterious Health Insurance Rate Sheets Explained

However, the percentage rate age increase is not a straight line. The carriers use a formula to increase the premiums between ages. Consequently, between the ages 16 and 17, there is a 3 percent rate increase. Interestingly, there is no age increase between the ages of 22, 23, and 24. Then the increase spikes in your late 20s, which is usually the time many people are starting families. The post…