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What Is Meant By Loading In Health Insurance?
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What Is Meant By Loading In Health Insurance?

Ever renewed your health insurance policy only to find out that your premium has shot up due to something called loading? Wondering what loading means? Let’s take a look. While insurance companies allow everyone to have access to coverage, there are some customers that might fall into a slightly higher risk bracket. These policyholders might be deemed to be riskier due to certain pre-existing medical conditions or even certain habits that form a part of their lifestyle. In order to cover up for the higher likelihood of claims from these insured individuals, the insurer hikes the cost of the premium they pay. This type of an increase to the health insurance premium is loading. What factors influence loading? Let’s take a look at some of the major factors that influence loading ...