Which statement about premiums in Pennsylvania health insurance is incorrect?

Premiums in Pennsylvania health insurance are typically not fixed for the life of the policy. Instead, they can change over time based on a variety of factors, including age, changes in health status, and the overall claims experience of the insurance company. This means that as the insured ages or if there are changes in their health, the insurance company may adjust the premium accordingly.

In many cases, particularly with individual policies, premiums can increase as the insured gets older or if they develop health issues that present a higher risk for the insurer. The possibility of premium adjustments is a fundamental aspect of how health insurance pricing works in most regulated markets, including Pennsylvania.

Furthermore, premiums are indeed due periodically, which is a contractual obligation specified in the policy. They can vary based on age and health status, but the notion that premiums are fixed for the lifetime of the policy does not align with the realities of how insurance pricing evolves over time.