Sterling Insurance has announced that it is now offering California residents Medicare Supplement (Medigap) policies There are currently over 4.8 million residents of the state that are eligible to receive Medicare. In California, every day means that approximately 1,000 more people will have turned 65, rapidly increasing the number of possibly eligible beneficiaries. At the moment, only 7 percent of the Medicare-eligible population of the state is carrying a Medicare Supplement policy, which means that there is a large number of people who have health coverage, but who will also…
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The Californian perspective of the Affordable Care Act
Though the Affordable Care Act (ACA) may be a federal healthcare system overhaul, each state is experiencing it in its own way, and though Californians have already started seeing some differences since the act went into effect in March 2010, there will be a great deal more by the time it has been fully implemented in January 2014. So far, Californian health care has seen a few important changes. These include: • Ensuring that no new health insurance policies can include lifetime caps on benefits, so that individuals who are…
Read MoreHealth insurance companies in California to increase rates by 8 to 14 percent
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…
Read MoreCalifornia to receive over $38 million to create state insurance exchange
The Department of Health and Human Services announced on Friday, August 12, 2011, that California would be receiving over $38 million from the $185 in total funds that were being distributed among 13 states and Washington D.C., in order to assist with the development of state health insurance exchanges which are required under the nationwide health reform laws that went into place last year. On the same day, the Department of the Treasury, in conjunction with the HHS, issued the proposed rules that the states would need to follow for…
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