Insurers often use "age-based loading." For example, in some systems, delaying enrollment past age 30 results in a 2% premium surcharge for every year you wait.
In many markets, like the United States, you cannot simply buy insurance the moment you get sick. is it too late to buy health insurance
Healthcare costs often rise faster than standard inflation (e.g., 8–14% annually in some regions), making future out-of-pocket costs increasingly prohibitive. Insurers often use "age-based loading
Some private insurers set a cap on when you can first apply, often between ages 60 and 75 . 3. Financial and Health Risks of Delaying in some systems