Sentences with phrase «unaffordable premiums»

«Though the measure isn't perfect, it ensures there will be no more dramatic rate increases for families currently facing unaffordable premiums.»

Keep up with Premiums There can be many reasons for discontinuing a policy — from unaffordable premiums to changed circumstances.

«Obamacare has burdened New York families with unaffordable premiums, rendered some insurance plans unusable because of high deductibles, and caused people to lose their doctors,» said Donovan, a Staten Island Republican, in a statement.

The California project seeks to extend this coverage to the entire family, to include undocumented people and to help with the sometimes unaffordable premiums that the program charges.

«[The legislation] does not take steps toward coverage and access for all Americans, and while insurers are still required to offer coverage to patients with pre-existing conditions, allowing states to get waivers to vary premiums based on health status would allow insurers to charge unaffordable premiums based on those pre-existing conditions,» wrote American Medical Association (AMA) president Dr. James Madara in a letter urging Senate Majority Leader Mitch McConnell to shelve the Graham - Cassidy bill on Tuesday.

A significant decline in your health could even cause you to be declined altogether or be assessed with an unaffordable premium.

Not exact matches

«The premiums would be so high they would be unaffordable.»

Because the price isn't guaranteed, there is the possibility that a long streak of poor market activity could raise your premium and make your policy become unaffordable.

That often makes it unaffordable so requiring out - of - network benefits would help many consumers shopping on the exchange, provided they could afford policies with higher premiums.

In response, the Federal Insurance Office (FIO) set a standard that recognizes auto insurance as «unaffordable» when the average premium in a community exceeds two percent of the community's median household income.

Because the price isn't guaranteed, there is the possibility that a long streak of poor market activity could raise your premium and make your policy become unaffordable.

What this means for term insurance is that renewal premium also rises exponentially, such that they become unaffordable during retirement.

If the premium payments become unaffordable and you stop paying them, your policy is likely to be cancelled.

That means people who took out universal life insurance coverage in the 1980s and 1990s, when interest rates hit their peak, saw their premiums gradually increase and potentially become unaffordable.

Despite savage cuts to recoverable legal costs, motor premiums continue to rise inexorably and they are already unaffordable for some consumers.

As the cost of flood damage is often very significant, the premium needed to cover claims would render it unaffordable to those who need it.

They will have relief from premium payments on an unneeded or unaffordable life insurance policy.

If your policy has become unaffordable, ask the beneficiaries to take over the premium payments, says John Skar, an actuary who works with Daily.

The increasing premium costs became unaffordable and he thought his only option would be to let the policy lapse.

While it's true that the smokers pay a higher insurance premium because smoking is an unhealthy habit it doesn't necessarily mean the policy will be unaffordable.

Just because you're getting older, don't assume that you won't qualify for life insurance — or that your premiums will even be unaffordable.

In response, the Federal Insurance Office (FIO) set a standard that recognizes auto insurance as «unaffordable» when the average premium in a community exceeds two percent of the community's median household income.

Also companies like AARP / NY Life or Globe have their premiums increase on every 5th birthday (on the step - rate policy) eventually making the prices unaffordable for many seniors on a budget.

Your coverage in the exchange will be considered unaffordable based on your projected income for the coming year (for 2017 coverage, the unaffordable threshold is 8.16 percent of your household income, after accounting for any applicable premium subsidies).

If the premium payments become unaffordable for you and you stop paying them, your policy is likely to be cancelled.

Having a pre-existing medical condition or being advanced in age doesn't mean your premiums will be unaffordable.

Again, as with the premium increases that would be caused by expanded short - term plans and association health plans, people who get premium subsidies will be insulated from the rate hikes (via larger premium subsidies), while those who aren't eligible for subsidies will be subject to increasingly unaffordable coverage options.

Health conditions could cause your premiums to be unaffordable or you could possibly be declined all together.

The car insurance premium may make the car unaffordable to you,» says Gusner.

Like any insurance product, Long - Term Care insurance allows the insured to pay an affordable premium to protect an unaffordable catastrophic event.

In some cases, this reflected a rise in premium of over 100 percent within just a short period of time — making these policies unaffordable for individuals who had been paying in premiums for many years.

Premiums for both term and permanent policies may be unaffordable.

If you have a life insurance policy that you no longer need, or if the premiums have become unaffordable, contact us.

After the term is up, premiums skyrocket and the policy becomes unaffordable.

The rising costs of insurance continue to make premiums unaffordable for many people.

This is the gamble everyone who buys a cash accumulating universal life policy will face at some point as they age and premiums become unaffordable due to a depleted cash accumulation account.

The cost of insurance is based on the amount of risk to the insurer paying a claim, so even if available, the premiums would likely be unaffordable.

Perhaps most importantly, guaranteed universal life insurance provides peace of mind in knowing your premiums will not skyrocket and become unaffordable.

By choosing a ten year term you run the risk of being uninsurable when the first ten year term expires or if you develop a health condition the premiums may be unaffordable leaving your family at great risk.

In 2016 the U.S. Treasury Department declared that car insurance premiums that cost more than 2 % of a person's annual income are unaffordable.

However, the need to make a large premium payment to purchase an adequate benefit may make the coverage unaffordable for many people.

One should cancel term life insurance when it is no longer needed, or the premiums required become unaffordable

You might be concerned that your premiums will be unaffordable, but the truth of the matter is that your monthly premium will probably only run around $ 20.

However, the fact remains that whole life insurance premiums are often so high that they are unaffordable.

With no exam life insurance, if you are approved, you could find yourself paying easily 2 to 3 times more for life insurance than you need to and if it has an increasing premium it could become unaffordable about the time it might be needed.

Another consequence of having points on your driving record is that your insurance company may raise your premium so much that it becomes unaffordable for you.

The commitment of paying policy premiums for life can become daunting or unaffordable for some policy owners.