Financial Advisor readers appear to think progressively when it comes to health care costs.
When asked if older Americans should pay more health insurance, 52.8 percent of FA-Mag.com readers had answered “No, it’s unfair,” as of mid-day Wednesday. Another 15.7 percent of visitors had answered that they were not sure.
Fewer than one-third of the respondents, 31.5 percent, answered that older Americans should pay more because their care often costs more.
“In private insurance, it used to be that the older the members within a group became, the higher the risk in their coverage pool and therefore the higher their premiums,” says Joe Heider, president of Cleveland, Ohio-based Cirrus Wealth Management.