| What's new in the Health Care Industry ? |
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Covered California gives an overview of standard benefits and rates in California, as well as specific regions such as Los Angeles. Especially in the Los Angeles region the rates are very competitive. In October we will be able to compare your current health insurance benefits with the plans and networks of the state exchange and determine what is the best fit for you, your family and small business.
Aetna and United Healthcare, which are not participating in the California state exchange, announced that they discontinue service of all individual health insurance in California in 2014. This will not apply to small group policy holders. My suggestion is that current Aetna and United Healthcare individual policyholders wait until October to compare the rates of the state exchange with the private health insurance market. Read my blog for more details.
The Medical- Loss-Ratio report, which were introduced with the Affordable Care Act are published for 2012. In contrast to 2011 the rebates of the health insurance carriers provided to the policyholders are with 500 million much smaller than last year. For more details read my blog.
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Long Term Care Insurance as a rider in a Universal Life Insurance
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While many people are interested in exploring Long Term Care Insurance (LTC) many consumers are reluctant to make the final decision to purchase Long Term Care Insurance. Objections such as unforeseen rate increases and the possibility of never to having to use the LTC insurance before death are reasonable objections. If you are hesitant, than a Universal Life Insurance with a LTC rider might be the ideal tool. This way you know your annual premiums, and your heirs will be able to receive the full amount of life insurance in the event you did not need any or only partially needed Long Term Care.
For more information on Long Term Care & Life Insurance contact me at info@solidhealthinsurance.com or 310-909-6135.
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