Health Insurance – UPDATE: Anthem Blue Cross Rate Increase
February 17, 2010
Most of us have heard the media coverage surrounding Anthem Blue Cross’ most recent rate increases for some of their individual and family plans. The state insurance commissioner has ordered an investigation of these rate increases and therefore Anthem Blue Cross has postponed the effective date of such increases — no longer March 1st, now these increases are tentatively scheduled for May 1st. This gives time for the investigation, but equally important — this allows plan members extra time to research alternate options.
I have no idea what the outcome of this investigation will bring, and moreover, no idea what the results will mean for plan members. However, understanding the much HIGHER price of medical care and knowing the outflow of money these health insurance companies pour into paying for such services on behalf of their members, I’m not sure this investigation will change the higher price tag for our insurance. Now is the time to research option and do some looking into alternate plan options that may suit your needs just as well and be a bit gentler on your wallet.
Please utilize our free quoting system to shop plans for yourself and your family. Get your personalized health insurance quote by Clicking HERE!
Should you have questions or wish assistance with plan details and making choices, please don’t hesitate to contact us. Safeguard is here to help! (925) 627-1800 or www.safeguardfinancial.com
Health Insurance Tip #7 – Shop Around and Know What’s Out There.
February 8, 2010
Why such increases? In a time when record numbers of people are out of work, some still losing jobs, and those of us lucky enough to have maintained our jobs/businesses, most of us certainly not making more money than before… why such HUGE increases? State commissioner Poizner is asking the same questions.
What many may not know — that the health insurance companies are limited in profits. They must contribute at least 70 cents of every dollar (70%) in premiums to actual costs for medical care. Essentially, these rules should regulate rates a bit, but increases still happen all too often and rate increases lately can really affect those paying the premiums.
Commissioner Poizner says, “As a consumer you need to shop around. A different provider may prove to be a better value for a particular individual or family’s needs, and all of them are looking for new customers. I encourage consumers who are not happy with their rates, co-pays, benefits or service to look at other options.”
Exactly! We do need to shop around and this is exactly how I can help you and how I help all my clients! Safeguard has access to quote all carriers, all plans, and therefore can provide you with a comprehensive list of options. Rather than you having to contact each one separately, why not save the time and speak with an expert who knows what is offered and how to get you the best deal?!
For those who prefer, we have a free quoting link on our website that will compile a complete list of options for you. GET YOUR FREE HEALTH INSURANCE QUOTE HERE!
Call Safeguard today! (925) 627-1800 or visit us online at www.safegaurdfinancial.com
