What's new in the health insurance industy in March
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In February Californi's Insurance Commissioner Jones was able to reducethe rate increases imposed by Anthem. The initial over- all- increase was almost 18 % and has now been reduced to 13.8%. However, as of today, it is not clear what the final premium  increases for each plan will be. Anthem policy holders will either receive a refund check or a credit to their account for the rate reduction adjustment. It was hoped that the final rates would be ready by February, but as of March 5th the final premium are still undetermined according to the Anthem Support line. Because it is such a mess, many policy holders are fed up and evaluating whether to switch to other carriers. Cigna, which offers a 12- months rate guarantee and competitive rates ,has profited from Anthem's mismanagement in California.
Let's hope that the insurance commissioner also evaluates the rate increases for Blue Shield policy holders, whose older age policy holders and families werehit hard by the rate increase in March.
For a free evaluation of your health insurance, please contact info@ solidhealthinsurance.com or call 310-909-6135
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| Getting ready for Tax Season |
 It is time to get ready for taxes.
Please remember that your modified adjusted gross income of 2012 will determine whether you get a federal subsidy for the medical insurance in the new health care exchanges that are coming in 2014.
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Wishing my Jewish and Christian clients & friends a Happy Passover and Happy Eastern.