yes but there are rules governing how much more they can charge starting in 2014. varying premiums based on age is called “age rating. ” before the affordable care act insurers could essentially charge as much as they wanted. now they face “rate restrictions ” on age rating which means that insurers are restricted by how much they charge older adults. the maximum they can charge is a 3:1 ratio for adults age 21 and older. this means that older americans who generally utilize more health services than younger americans can only be charged three times as much as their younger counterparts. for example if the annual premiums of someone who is 21 years of age totals $1800 the annual total for someone in her early 60s can be no more than $5400. yes but it is limited to 3 times as high
under health reform can insurers charge more based on age?