The largest health insurance companies in California will be raising their average rates by approximately 8 to 14 percent for hundreds of thousands of policyholders with individual coverage, leaping ahead of the overall medical care costs. According to government data, within the last year, the national average cost of products and services associated with health care increased by 3.6 percent. However, the insurance premiums have continued to climb at a more rapid rate within the state. The rate increases were defended by the California insurance companies, which said that they…
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Report shows that employees in California will be paying more for their health insurance coverage
InstantHealthInsuranceQuotes.com, a premium aggregation website, has released a new report that shows how employees in California are beginning to pay more for their insurance coverage. The report suggests that employers are trickling down the cost of coverage to their employees in an attempt to offset the cost of insurance. This is largely due to the rate at which health insurance premiums are rising. Some employers claim that rates are rising to levels that they can no longer support without more help from workers. The company’s report is based on a…
Read MoreThe answers to frequently asked questions about health insurance rate increases
Many consumers are facing increases to the insurance premiums that they pay for health coverage every month, and as a result of this, several questions are arising. In response, the industry is working to make information more readily available to help to answer these questions. Some of the more common question include the following: • Does the health care reform overhaul prevent health insurance companies from making their typical annual rate increases? The answer is “no”. However, the health care reforms do force insurance companies to take certain steps to…
Read MoreWhat can you do to reduce your health insurance premiums
The continued struggle of the economy has forced the country to try to keep healthcare spending down, and has forced many Americans to put off medical care due to financial constraints, but there are some things that can be done to minimize the amount that they spend on health insurance without sacrificing their coverage altogether. Being an informed customer can be a very important step to making sure that you are getting the most coverage at the lowest possible price, and to ensure that you are protected for everything that…
Read MoreHighmark announces the launch of new low premium and deductible individual health insurance coverage
Highmark has announced the availability of a new form of individual health insurance plan called the Simply Blue PPO, which is designed to provide policyholders with simple coverage at a low premium, with a predictable structure for copayments and with low deductibles. According to Highmark’s senior vice president of health services strategy, product and marketing, Steven Nelson, “We listened to our members’ feedback, and we’ve heard them say that they would like a more affordable plan without a large upfront deductible.” The new plan is medically underwritten and offers policyholders…
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