Masco Employees: How Your Credit Score Influences Your Insurance Premiums

Healthcare Provider Update: Healthcare Provider for Masco: Masco Corporation, primarily recognized for its home improvement and building products, collaborates with major health insurance companies for employee health coverage. The specific providers may vary by plan and location, but typically involve larger insurers such as UnitedHealthcare, Anthem (Elevance Health), or Blue Cross Blue Shield. Anticipated Healthcare Cost Increases in 2026: In 2026, Masco employees may face substantial increases in healthcare costs, with some states projecting premium hikes exceeding 60% due to a confluence of factors. The potential expiration of enhanced subsidies from the Affordable Care Act (ACA) coupled with rising medical costs-such as higher hospital fees and increasing drug prices-may push out-of-pocket premium payments up by over 75% for the majority of policyholders. As insurers respond to these pressures with significant rate increases, it will be crucial for employees to strategically plan their healthcare expenses to mitigate financial burdens in the upcoming year. Click here to learn more

As an employee of Masco you may find it interesting to know, one landmark study found that credit-based insurance scores are used by about 95 percent of all auto and home insurers in calculating the cost of insurance to individuals.

While the vast majority of insurance companies use credit-based insurance scores to help determine the price of insurance, it is banned in the states of Massachusetts, Hawaii, and California. Some states only allow it as a factor for property insurance like auto and homeowners insurance. Other states allow it to be used with any type of insurance.

Several Factors

Generally, an insurance company will use a credit-based insurance score as just one factor in its underwriting process. We'd also like to remind our Masco clients that other factors may be considered, depending on the type of insurance. For example, with auto insurance, other factors could include your zip code, the age of the drivers, the make, model and age of the car, and the number of miles you drive annually.

The use of credit scores to determine insurance rates is rooted in research that has shown individuals with lower credit scores had higher car insurance losses and higher claims payouts.

You can ask your insurance company if a credit-based insurance score was used to underwrite and rate your policy, and in which risk category you were placed.

For Masco employees who want to improve their credit-based insurance score, you should consider taking the same steps you would to improve your credit rating: make timely debt payments, clear up past disputes and keep credit card balances low.

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1. Predictive Analytics: Achieving Greater Decision Accuracy, Better Risk Segmentation, and Greater Profitability, Fair Isaac Corporation, 2012 (most recent statistics available).