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eCAHealthInsurance Counters 3rd Wave Of Health Insurance Rate Hikes With Transparency On Pricing

As a third wave of health insurance rate hikes reach California consumers, the governor is poised to sign greater transparency into law. eCAHealthInsurance is a step ahead with transparency on premium pricing.

 
PRLog - Mar. 8, 2011 - Approximately 200,000 California consumers who must find their own health insurance coverage are facing the third hike in Blue Shield individual policy premiums since October 1st. These increases average out to about 30-percent hikes in premiums, but some customers will be charged 59 percent more for health insurance policies.

California Insurance Commissioner Dave Jones says Blue Shield still needs to provide more information to respond to the state regulator’s requests. Thus, Blue Shield’s March 1 increase is being delayed until May 1. The delay gives consumers a chance to comparison shop for better rates while still covered rather than risk going without coverage while searching for lower-priced plans.

Presently, insurers must give 30-days notice before raising rates, but the governor is expected to sign a new bill that’s on its way to his desk. This bill would double the advance notice consumers receive prior to rate increases.

Senator Mark Leno’s bill would require health insurance companies to post rate increases on their websites along with reasons for the increase. Leno says, “It will finally bring some transparency to rate increases for those who are seeing their health care premiums going up at lightening speed.”

eCAHealthInsurance President Wiley Long says, “Transparency is just the first step. Consumers need alternative coverage options to help them keep their premiums low.” Having narrowed the field to exclude financially unstable insurance companies, eCAHealthInsurance has found more than 300 plan options from insurers that are rated at “A-“ or above by the independent A.M. Best rating organization.

With the help of eCAHealthInsurance, consumers can quickly get side-by-side comparison of premium costs from California insurers, including Aetna, Assurant, Blue Cross, Blue Shield, HealthNet, Nationwide, Pacificare and others. “That’s the kind of transparency that offers real value by making it easy for consumers to find coverage from financially-strong companies at the lowest available premium,” says Long.

eCAHealthInsurance specializes in family, individual and small business coverage and provides free, immediate access to licensed health insurance professionals at 1-866-585-7662 from 6 AM through 8 PM Pacific.

Consumers may also download a free report to explain the three main types of coverage and how to choose a plan to meet their needs. eCAHealthInsurance has designed the report to enable consumers to choose their plan and apply online in less than 15 minutes. The report is available at http://www.eCAHealthInsurance.com/california-health-insur....

As a leader in online family, individual and small business health insurance plans, eCAHealthInsurance (http://www.eCAHealthInsurance.com) also provides money-saving tools that can drastically reduce medical costs on lab fees and prescriptions at http://www.eCAHealthInsurance.com/additional-benefits.htm.

eCAHealthInsurance also connects consumers with a range of services to give them greater bargaining power in the marketplace. Access to bill negotiation and international medical treatment from U.S. board certified surgeons in the new wave of medical tourism is available at http://www.eCAHealthInsurance.com/additional-benefits.htm.

For indepth information and current news about the state of California health care, visit California Health Insurance in the News at http://www.eCAHealthInsurance.com and the California Health Insurance News Blog at http://www.eCAHealthInsurance.com/cahealthnews.

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About eCAHealthInsurance:

As a leader in independent health insurance for California family, individual and small business coverage, eCAHealthInsurance offers comprehensive information on how to save on health insurance, lab fees, prescriptions and more at http://www.eCAHealthInsurance.com/.

In addition to instant quotes and online applications, eCAHealthInsurance provides immediate access to licensed California health insurance professionals at 1-866-585-7662 from 6 AM through 8 PM Pacific.

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Contact Email:
***@ecahealthinsurance.com Email Verified
Source:eCAHealthInsurance
Phone:1-866-585-7662
Zip:80525
City/Town:Fort Collins - Colorado - United States
Industry:Insurance, Health, Finance
Tags:Health, insurance, premiums, increases, transparency, Family, individual, Business, negotiation, international
Shortcut:prlog.org/11359796
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