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Ways to Decrease Your Health Insurance Premium

decrease health insurance premiumPeople are becoming more and more aware that health insurance premiums are on the rise. In fact, some of my customers are being notified from carriers like Anthem Blue Cross and Blue Shield California that their premiums and/or deductibles are rising in 2011. Much of the increases are related to recent laws passed by the federal government and the resulting requirements imposed on health insurance companies — requirements such as unlimited lifetime benefits and free preventive care visits.

Here are some things you must consider in order to potentially decrease your health insurance premium:

1.    Maternity coverage is expensive.  The generic plan offered by many agents automatically includes such coverage.  If the plan you’re on has maternity coverage, the males and children in your family should not be on this plan.  I just dealt with a family where everyone was on the same plan (which happened to offer maternity coverage).  We removed the father and son from that plan and placed them on their own plan, leaving the mother on the maternity plan, and saving the family several hundred dollars a month.  You and your family may also consider eliminating maternity coverage all together.

2.    If you are on a HMO plan, make sure to get a quote on a PPO plan as well. Most HMO plans are substantially more expensive than PPO plans because they don’t have deductibles. If you do not visit the doctor often and are healthy, you may be better off having a PPO with a deductible, reducing your monthly premium substantially and pocketing the difference. 

3.    Call your health insurance carrier and get quotes on higher deductibles. Increasing your deductible from $1,000 to $2,000 can make a large difference on your monthly premium. Once again, if you are healthy and not making many doctor visits, this can be a great way to cut your premiums down.

Please also make sure to visit my previous blog regarding best-selling PPO plans in California.

If you would like to obtain a health insurance/dental insurance quote or application through Anthem Blue Cross, click here.

For a Blue Shield of California health insurance/dental insurance quote or application, click here.

For a health insurance or dental insurance quote through Health Net, click here.

 

If you have any questions about Individual or Group Health Insurance policies, please call me at (949) 436-0740.

Health Insurance

As some of my customers know, I also am licensed to sell health insurance, focusing primarily on products offered by Anthem Blue Cross, Blue Shield of California and Health Net.

In this economy, with many people losing their jobs, health insurance can be extremely expensive for your household. But the risk of not carrying it at all can be tremendous, especially if you have a family member who has a major accident or long term sickness.

I can offer you many products that are not only affordable, but also easy to understand and fairly comprehensive.  The individual health insurance market has been shrinking here in California and there are less than 10 carriers even offering medical health insurance plans, the largest of which are Anthem Blue Cross and Blue Shield of California.

When shopping for an individual health insurance plan there are several things to consider. Most customers want a plan combining a low deductible, low annual out of pocket expense, and coverage for prescription drugs, while still fitting into their monthly budget.

There are several individual “best-seller” PPO plans that I recommend: Blue Shield CA Vital Shield plans, Anthem Blue Cross Smart Sense Plans, Blue Shield Balance Plans, and Anthem Blue Cross Premier Plus Plans.

If you would like to obtain a health insurance/dental insurance quote or application through Anthem Blue Cross click here.

For a Blue Shield of California health insurance/dental insurance quote or application, click here.

For a health insurance or dental insurance quote through Health Net, click here.

If you have any questions at all about health insurance plans and coverages, please call me at (949) 436-0740.

Landmark Health Insurance Changes

Yesterday, September 23, 2010, health insurance plans started offering additional benefits and protection to consumers, as outlined in Obama’s health insurance reform. Today I will review some of the more important health insurance changes that may be of interest to consumers.

Extended coverage for young adults
Children can stay on their parents’ plans until they turn 26 years old. Many young adults are without health insurance and this will provide them with the coverage they need. Additionally, employers will have to provide coverage for dependents of workers until age 26.  It is typically more affordable to add a child on a policy rather than purchase an additional individual policy. Previously at age 23, dependents were dropped from their parents’ plans.

Free preventive care
New plans provide free preventive care to consumers. This means that for preventive services and doctor’s office visits for regular checkups, there will be no additional cost to the consumer.

Protections for children with pre-existing conditions
Children will be guaranteed health insurance coverage regardless of their health status. Parents can purchase family health insurance policies and will not be turned down for coverage due to the health of a child.

Prohibit insurers from rescinding coverage
It is now illegal for insurers to drop a customer due to sudden illness.  Previously, insurance companies were allegedly searching for errors on a customer’s insurance application and then denying payment for service when the person gets sick.

Lifetime and annual coverage limits on plans are eliminated
Health insurance companies can no longer impose lifetime or annual limits on coverage. This will help many very sick individuals get all of the medical help they need without going into debt.

Please call me at 949-436-0740 if you have any questions about your health insurance policy or how these new health insurance premiums will affect your policy.