What Is No Claim Bonus In Health Insurance?
- 1450 POINTSview profileFred AdamsThe HSA Expert, Health Revival, Athens, GAA No Claims bonus is something that is more common with car insurance than health insurance. Think of it as the "Good Hands Discount" that good drivers receive, in the form of lower monthly premium payments, in exchange for not having accidents or other driving problems. While a No Claim Bonus is available in some other countries, and did exist in the U.S. in the past, such a practice is no longer allowed under regulations contained in the Afford Care Act that state insurance companies can not charge different premiums to people based on their health or claims history.Answered on April 14, 2014flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.