Study Finds Health Insurance Cheaper in Suburbs

A recent study of health insurance costs finds that people who live in suburban areas outside of Chicago pay less for health insurance than those who live in the urban core.

"Based on major health-insurance carriers' rates and policies, people living 15 miles to 25 miles from downtown Chicago pay 12 percent to 15 percent less on their monthly premiums, and those who live 25 miles to 40 miles outside of the city pay 20 percent to 30 percent less, according to data compiled by Norvax Inc.

Chicago-based Norvax makes software that lets people search for the lowest or best private coverage offered by insurance brokers and agents. Norvax's public exchange, which boasts more than 80 insurance carriers, operates as Norvax's consumer markets team culled the data by running GoHealthIn quotes using 3,029 ZIP codes and 963 plans in Illinois, and then narrowing the field to the Chicago area."

Full Story: Health Insurance Cheaper in Suburbs


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