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CARMEL, CA, October 17, 2016 /24-7PressRelease/ -- At, www.calhealth.net, we're getting frantic calls and emails daily now. The notices have gone out from the California carriers (including Covered California plans) and it's not looking good. Even if your increase is 10% (and not the 33% increases we're seeing), that's still a big deal to your budget so it's important to understand how to shop the new market. In response, we created our Guide to the 2017 Rate Increase with a focus on bring the costs down.
In 2017, temporary provisions of the ACA law (called the 3 "R's") go away and the impact is being felt in every California county. We have seen 30%+ increases without tax credits and 30000% increases (from $1 to $300) for people WITH tax credits. We'll explain why this happens and how to address it.
There are three tips every Californian needs to know as rate increases continue to pile on. Whether you purchase coverage through Covered California or direct with the carrier, this insider's guide (20+ years as California health insurance agents) could not come at a better time. We'll look at tax credits and how income shapes the new market (and your cost). We'll investigate the regional carriers and get into the new HMO versus EPO versus PPO debate.
Ultimately, we'll look at the available options to help you bring down the new 2017 rates. We now have to consider options that a few years ago, we might not have. That's the new reality with health insurance. In the end, we have to be able to afford the coverage. We definitely do not want to pay the 2.5% of income penalty so let's find out how to bring the cost down.
Open enrollment starts Nov 1st (for a Jan 1st effective date) so the timing is perfect to shop the new market. Use the tips found here as a short cut to saving on health insurance in 2017.
Guide to 2017 Rate Increases can be found here: www.calhealth.net/2017-Covered-California-Health-Insurance-Rate-Increases.html
www.calhealth.net is provided by Goodacre Insurance Services. Goodacre Insurance Services is a licensed California health agent with 20+ years experience in all segments of the California health insurance market. Goodacre Insurance Services has helped 10's of 1000's of Californian individuals, companies, and seniors find affordable health coverage. Their services are free to the customer and they welcome questions or inquiries.
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