As a prime example, a 21 year old female (born in September of 1995) living in Los Angeles with an Anthem Blue Cross 2016 Platinum 90 D PPO plan paid $239.73 per month. Starting in January of 2017, her plan rate will be $494.88 per month! That is a 106% increase in premium! This quote was generated 10/18/2016 utilizing the shop and compare tool on Covered California.

Not only will her plan rate soar, but her plan will change from a PPO to an EPO. This means that her plan will no longer have any out-of-network benefits.

Open enrollment for 2017 begins November 1, 2016 and ends January 31, 2017. If you are in need of an individual/family health insurance plan, make sure to apply during open enrollment. Also, if you are unhappy with your current plan, open enrollment is the time to switch plans. Changing the tier level of your plan, changing carriers, or changing from a PPO to an HMO are all potential ways to mitigate the price increases.

Make sure to get several quotes for comparison and have your insurance broker review them with you. Health insurance plans have varying premium amounts, deductibles, copayments, coinsurance costs, out of pocket maximums, and drug benefits. You are going to want to find the right plan for your needs and budget.

Keep in mind that to establish a new group plan, there is no open enrollment period. A group plan can be put into place at any time throughout the year.

If you are a California resident in need of an individual/family plan or a group plan, please contact us at Secureterminsurance.com. We are insurance brokers dedicated to helping you find the right plan for your needs!

The post California Health Insurance Rates Revealed appeared first on Secure Term Insurance.

Make sure to get several quotes for comparison and have your insurance broker review them with you. Health insurance plans have varying premium amounts, deductibles, copayments, coinsurance costs, out of pocket maximums, and drug benefits. You are going to want to find the right plan for your needs and budget.

There will be both PPO plans and HMO plans available. PPO (Preferred Provider Organization) plans allow you to visit any doctor within the network without first getting a referral from a primary care physician. There are also HMO plans (Health Maintenance Organizations), which require a primary care visit first, before being referred to an in-network specialist. Make sure you understand the difference between PPO plans and HMO plans before selecting one.

If you have a doctor that you go to regularly, it is important to check to make sure he or she is in the network before committing to a particular plan. Once you commit to your plan, always make sure to go to doctors, hospitals, labs, and medical facilities within the network. If you have network questions you should contact your broker to help you.

If you are a California resident in need of a health plan feel free to contact us at Secureterminsurance.com. We are insurance brokers dedicated to helping you find the right plan for your needs!

The post Open Enrollment for Health Insurance Begins November 1, 2016 appeared first on Secure Term Insurance.

Life Insurance

If you are paying for your child’s tuition with your own income then it is recommended that you obtain a life insurance policy. This way your child will have the money to continue their education in the event of your death. Term life insurance is a great option because it is a relatively inexpensive form of life insurance and you can choose how long you want the policy to last. A good idea is to buy a term policy that will last until after your child’s college years.

Health Insurance

If your child is off to college for the first time then it is likely required by the school that your child obtains a health insurance policy. The college may offer its own health insurance plan, but make sure to understand the policy completely before committing to the plan. Keep in mind that plans have varying deductibles, out of pocket maximums, drug benefits, and doctor networks. Aside from policies offered through the school, there are plans available through the health insurance marketplace. Open enrollment starts Nov.1, 2016 and ends Jan. 31, 2017.

At Secure Term Insurance we are insurance brokers offering free quotes and personalized service with step by step guidance throughout the application process and any assistance you may need thereafter. Contact us today and get the health insurance or life insurance coverage that is right for you!

The post Back to School Insurance Checklist appeared first on Secure Term Insurance.