What impact does age have on health insurance premiums in the Marketplace?

The correct choice accurately reflects how age influences health insurance premiums within the Marketplace. Health insurance premiums are subject to what is known as age rating, which allows insurers to charge different premiums based on the age of the insured. Generally, older individuals face higher premiums because they are statistically more likely to require medical care and have greater health risks compared to younger individuals. This leads to increased overall costs for insurers, which are then translated into higher premiums for older policyholders.

Understanding the age factor in premium pricing is crucial for agents and brokers as it helps them provide accurate information to clients regarding potential costs. While insurers can use other factors to establish premium rates, the age of the applicant remains a significant determinant. Hence, it's accurate to state that older individuals typically encounter higher premiums due to the inherent health risks associated with aging.