Blue Shield Seeks Individual Rate Hikes as High as 20%

Blue Shield of California is seeking premium increases of as much as 20% for some individual policyholders, the Los Angeles Times reports. Blue Shield is proposing an average rate increase of 12% for more than 300,000 individual policyholders, effective in March 2013. California officials are examining the rate hike proposal, but have no authority to reject the rate increase. The insurer said it expects to lose money in the individual market next year even with the proposed rate hikes. Medical costs for the individual market have increased by 10.6% while the amount that the insurer actually pays for people is increasing by 12.5%.

Last Updated 10/4/2017

Arch Apple Financial Services | Individual & Family Health Plans, Affordable Care California, Group Medical Insurance, California Health Insurance Exchange Marketplace, Medicare Supplements, HMO & PPO Health Care Plans, Long Term Care & Disability Insurance, Life Insurance, Dental Insurance, Vision Insurance, Employee Benefits, Affordable Care Act Assistance, Health Benefits Exchange, Buy Health Insurance, Health Care Reform Plans, Insurance Agency, Westminster, Costa Mesa, Huntington Beach, Fountain Valley, Irvine, Santa Ana, Tustin, Aliso Viejo, Laguna Hills, Laguna Beach, Laguna Woods, Long Beach, Orange, Tustin Foothills, Seal Beach, Anaheim, Newport Beach, Yorba Linda, Placentia, Brea, La Habra, Orange County CA

12312 Pentagon Street - Garden Grove, CA 92841-3327 - Tel: 714.638.0853 - 800.731.2590
Email:
Jay@ArchApple.com
Copyright @ 2015 - Website Design and Search Engine Optimization by Blitz Mogul