Kevin Knauss: Health, History, Travel, Insurance
Post discussing premiums for health insurance, subsidy, how they are calculated, increases.
With a peek at the enrollment statistics released by Covered California after the end of the ACA open enrollment we are able to visualize just how large the health insurance industry is in the state. While the enrollment data is only for individual and family plans (IFP) purchased through Covered California, the 1.3 million individuals […]
One of the biggest questions I get is, “When will Covered California send me a bill for the health insurance?” Unfortunately, Covered California doesn’t invoice for the health insurance, that is left up to the insurance companies. If your application has been successfully transmitted to the insurance company you can make your first premium payment over the phone. Some applications have not, and may never, actually make it to your selected insurance company.
Many Californians are seeing their individual and family health insurance premiums jump with the inclusion of all the new Affordable Care Act benefits and regulations. A small sampling of the new ACA rates shows that Covered California individual health plans are comparably priced with current and future small group plans offered in California.
Set to release in early September, the Covered California mobile app will not have the ability to enroll individuals or families in a health plan. It is simply a tool for determining eligibility for the premium subsidy and comparing plans offered in the zip code entered.
Health insurance company Blue Shield of California announced that they will be sending rebate checks for certain health insurance plans that didn’t meet the Medical Loss Ratio in 2012. Some large and small employer groups along with individual and family plan members will receive rebates equivalent to .2% up to 3.4% of their 2012 premiums.
Medicare Supplement rate comparison for Sacramento and southern Placer counties, @ age 65 and/or Part B enrollment, guarantee issue.
An event bordering on miraculous happens when an insurance company gives you money back for no reason they can really articulate.
I have created a spreadsheet that is fairly simple to pop in premiums, monthly drug copay and any deductible to determine a yearly estimated cost of the plan. Perhaps the most daunting aspect is collecting the data. Each plan publishes a drug formulary that will list if the drug is covered, the tier, copay for each tier and any deductible.
Because all Medicare Supplement Plans benefits are regulated by Federal and state laws, all plans in your specific area must include the same benefits.
Blue Shield of California Pledges to Limit Net Income to 2 Percent of Revenue Published on Tue Jun 7 10:24:44 PDT 2011 /PRNewswire/ — In a bold move to address the healthcare affordability crisis, Blue Shield of California Chairman & CEO Bruce Bodaken announced a pledge today that Blue Shield will limit its annual net […]
