Have your health insurance premiums dropped?
According to a recent article in one of our industry newsletters, because those enrolling through California’s health insurance exchange, Covered California, were healthier than originally anticipated, and, therefore, a lower risk to California’s health insurers:
“health plans covering the majority of enrollees decreased their proposed 2015 rates, saving consumers tens of millions of dollars in potential premiums…according to a study in the journal Health Services Research….”
“The study was conducted by a team of researchers from the University of California, San Francisco, the Department of Health Care Services and actuaries at Covered California. As an active purchaser, Covered California chooses which plans and products to offer and negotiates rates in order to offer the best value for consumers. In contrast, most other state exchanges and the federal health care exchange accept all products that health insurance companies wish to offer, at the rates they want to charge, provided that they meet basic standards and have passed regulatory review.”
“Open enrollment for coverage starting Jan. 1, 2016, is scheduled to begin Nov. 1st. Special enrollment for health coverage if someone has a change in life circumstances, such as moving or having a baby, continues year-round. Medi-Cal enrollment also continues year-round.”
As a Certified Insurance Agent with CoveredCA, our expert advisers at Geldin Insurance Services are ready to help you and answer any of your questions, year round, so call us at 877.789.5831