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During the month of October, the carriers began to send out renewal letters informing policyholders what their rates would be for 2015. Some carriers announced a rate hike of more than 40%. If an increase like that doesn’t fit into your budget, you don’t have to take what they offer.
Thanks to the Affordable Care Act (ACA), switching health insurance plans has never been easier. In the past, pre-existing conditions land locked most people on the plan they had, keeping them stuck no matter how high their rates climbed. Now with the ACA, pre-existing conditions are no longer a reason to decline someone for coverage, meaning you can’t be denied.
If you’re reluctant to switch policies because of a longstanding relationship with your carrier, don’t be. Did you know that you don’t earn ‘brownie points’ or discounts by staying with the same insurance company year after year? This is because, typically, every year carriers release new plan offerings, network choices, and other benefits. It pays to explore these upgraded plans to ensure you’re getting the most bang for your buck.
An independent agent can help you shop these new plan offerings every year. Your premiums will be the same whether you have the help of an agent or go directly through the carrier, so you may as well have expert help to ensure you end up with the best plan possible.
The best way to get the process started is to fill out our Request a Quote Form. Once submitted, we’ll get back to you with our plan recommendations. Taking 10 minutes to fill out the form will save you hours of time and could save you hundreds or even thousands on your 2015 insurance costs!
Open enrollment begins November 15th, 2014. Don’t wait until the last minute. Get started today!