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Young People Shopping For Individual Health Plans Face Higher Prices In 2013

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Some young people are likely to experience sticker shock when shopping for health insurance next year, as new regulations take hold to reduce price variation based on age.

A limit on pricing by age is among the many new federal regulations that will apply to health plans sold in the fall of 2013 for the 2014 calendar year — all part of federal health care reform.

Most states allow insurance companies to vary the price of health insurance based on a customer’s age. Older customers could pay up to seven times what young people pay.

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