Kevin Knauss: Health, History, Travel, Insurance
Posts related to Health Net health insurance plans for individuals, families, small groups in California.
Health Net notified all their California agents by a letter dated January 29th, that effective March 1, 2014, they will slash the sales commission by over 50% on four of their five individual and family plans offered in California. This further reduction in compensation for agents since the ACA was passed continues to make customer service oriented health insurance agents a “family of dinosaurs” who will quickly become extinct.
In the wake of the billing nightmare revolving around Covered California ACA health plans, both Kaiser and Health Net have extended their payment deadlines for health plans effective for January 1, 2014. Kaiser will allow new plan members up to January 22 to receive the first month’s premium. Health Net will mirror the recently announced Anthem Blue Cross extension of January 31.
As a consequence of the Affordable Care Act, Health Net will have to discontinue offering health plans to California Farm Bureau Federation members in 2014. Current Health Net members in the affected plans will be receiving letters from the California Farm Bureau Federation (CFBF) notifying them of the discontinued health insurance.
In communication with their brokers on September 10, Health Net said they would be closing all their California individual and family plans (IFP) as of December 31, 2013. The closures do not affect their small or large group plans. The announcement cited the development of all new Affordable Care Act compliant plans as a reason for scrapping all the old ones.
Health Net announced that under the Affordable Care Act Medical Loss Ratio requirements they would be issuing a rebate of .3% to their small groups in California based on 2012 expenditures. The letters dated May 30, 2013 are being sent to the small group administrators and subscribers.
It’s hard to compare the plans side by side because of the diversity populations they serve and lack of data on some of the health insurance companies. Much of the information about the different health plans and companies is spread out over several different agencies, reports and websites.
Health Net of California announce on January 11th that because they were unable to reach agreement on reimbursement costs, specific Tenet Hospitals will no longer be a part of their network of service providers for certain Medicare, Medi-Cal and commercial health insurance plans.
Medicare Supplement rate comparison for Sacramento and southern Placer counties, @ age 65 and/or Part B enrollment, guarantee issue.
It almost seems contrary for an association of insurance agents to openly advocate for unfettered rate increases by health insurance companies that can so drastically impact their client base.
Health Net has reached an agreement with a subsidiary of CVS Caremark to sell our standalone Medicare Part D Prescription Drug Plan (PDP) business.
