This news at least when it comes to health insurance was better than Nutella pancakes on a weekend. I’m surprised I had to read this in the L.A. Times Sunday morning and didn’t get email notification from Anthem, since they are really good about keeping agents in the loop on things. Especially one this important. Click here to read the full article–it’s short!
As you recall, things went crazy as the media blared stories of rate on individual plans with Anthem going up 39% as of March 1. Of course, the way it was phrased it made it sound like ALL plans were going up, and that was not true. Anthem then agreed to delay the implementation of the increase until May 1 while an independent firm came in and audited the increases. That’s not done yet and I’m still dying to see the outcome.
So now, it’s not clear when the increase will come, but you know it will at some point. Carriers have to give at least 30 days notice when raising rates, so it would be June 1 at the earliest. I’ve spent the past few weeks working with my clients to get them enrolled at the ‘old’ rates if they were changing to Anthem plans. I kept pushing them to apply so we could get effective dates before April 30 so they wouldn’t be hit with the increases and would have a 12 month rate guarantee. At the old rates.
I’m glad I have more time to help people save on their insurance costs wherever possible. Nothing makes me happier than to save people money on their insurance and keep decent coverage. Have a great week!
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