ZIP CODE change increases insurance

[Nonno]

"LONGMONT — Nancy Clinton got a surprise when she called her health insurance company recently.

She was calling to ask about a benefit issue, and she said that as long as she was on the line, the company might as well note her new ZIP code: 80504.

“So, she went in and came back and said, ‘Oh, this is going to significantly increase your premium,’” Clinton said Friday. “So I said, ‘Don’t change a thing — leave it at 80501.’”

Clinton’s was one of 8,610 northeast Longmont addresses that had their ZIP codes changed to 80504 from 80501 on July 1.

The post office has extended a one-year grace period for residents to leave their ZIP at 80501.

“Our health insurance would go up about $60 a month,” Clinton said. “I didn’t move, and the hospital didn’t move.”

More at source: The Longmont Times-Call

[bcp (Premo)]

Odd
if you look at the demographis between the two locations they are so close that its not funny.

I wonder what the difference would be caused by.

the biggest difference is the median age
for 80501 its 33
for 80504 its 36

other than that, the rest is pretty much within a percentage point or two.

[Lenny]

Originally Posted by bcp

Odd
if you look at the demographis between the two locations they are so close that its not funny.

I wonder what the difference would be caused by.

the biggest difference is the median age
for 80501 its 33
for 80504 its 36

other than that, the rest is pretty much within a percentage point or two.

Rates are determined by claims made as much as demographics of the population. If the new ZIP code region has more accidents, sits on top of a copper mine, is at the end of a nuclear dump (Rocky Flats in Colorado comes to mind) the insurance rate will be higher.

[bcp (Premo)]

Originally Posted by Lenny

Rates are determined by claims made as much as demographics of the population. If the new ZIP code region has more accidents, sits on top of a copper mine, is at the end of a nuclear dump (Rocky Mountain Flats comes to mind) the insurance rate will be higher.

I agree but the two zip codes touched each other all along anyway.
nothing changes.