Answer:

Your health insurance cost will depend on a number of factors.

For consumers, the cost will depend on your age, where you live, the policy benefits you choose and your smoking status. If you already have a policy in place, your claims history will also be a factor. Adding an excess to your policy will reduce the annual cost of your policy.

For businesses, the cost will depend on the number of people to be covered, the age profile of your group and the postcode of your company. Again, if you have a policy in place, your group claims experience will be a factor. Just like consumers, adding an excess will reduce the annual cost of your policy.

Your choice of hospital coverage and underwriting will also make a difference to the health insurance cost on both options.