What is the maximum factor by which older individuals can be charged compared to younger individuals for health insurance?

The correct answer is that older individuals can be charged up to three times the rate compared to younger individuals for health insurance. This is based on regulations established by the Affordable Care Act (ACA) which allow insurers to use age as a factor in determining premiums. The ACA permits insurance companies to charge older adults no more than three times what they charge younger clients for comparable coverage.

This three-to-one ratio reflects an effort to balance the cost of coverage across different age groups, acknowledging that older individuals may have higher healthcare costs while still aiming to keep premiums manageable for younger individuals. Insurers must adhere to this guideline, which serves to prevent excessive charges based solely on age and promotes fairness in pricing across demographic segments.