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Saturday, April 14, 2018

How does your credit score affect your insurance rates?

What does your credit score (FICO) have to do with your health insurance premium? Health insurers and other consumer insurers may use your credit score to determine your premium rate. It appears that insurers correlate poor financial decision-making to poor decision-making in other aspects of your life. They use this to adjust your risk, as reflected in your premium rate, accordingly. As with your free annual credit report, you also have the right to check your insurance report. Check your free annual MIB report:
from Rajesh Harrykissoon, MD

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