Medical Insurance Rate

Have you seen a recent increase in your medical insurance rate? Medical insurance rate increases are under close scrutiny as health reform blossoms. The medical insurance rates are being examined closely by the department of health and human services. The DHHS has revealed the fact that health insurance companies have sought drastic premium rate increases in the past year. Legislation has been introduced in 2010 that would prevent health insurance providers from assessing unfair premium rate increases.

Under the Legislation, the U.S. Secretary of Health and Human Services would be able to review, deny or approve rate increases that are deemed unreasonable. The Health Insurance Rate Authority Act was introduced in part to protect the consumer from premium increases that are not justified by the insurer. Unfortunately, this does not mean that there will not be premium increases. Alternatively, the act would insure that those increases that are assessed would need justification.

Health care reform has been a hot topic since the days prior to the presidential election. One of President Obama’s top priorities has been health care reform and much has blossomed as a result. The Health Insurance Rate Authority Act is likely one of many acts to come in order to protect the consumer and regulate insurance premium hikes. Authorities state that there is likely a need for some premium increases due to health care reform mandates. Reform mandates such as policies covering maternity care, substance abuse, mental health and mandates against exclusions due to pre-existing conditions will cause insurers to take risk that they have not traditionally had to take. The additional risk will result in insurers contributing more dollars to the health pool than they have in the past. Ultimately, the affect on the bottom line for insurers result in premium increases for the consumer.

It is important to remember that there are several factors that contribute to an individual’s premium and that certain features may be tweaked in order to realize a lower premium. Though we have seen an overall hike in premiums, an individual still has some control over the monthly premium that he or she pays. For instance, deductibles, co-pays, Coinsurance percentages, amount of coinsurance out of pocket and lifetime maximum coverage by the insurer all combine to determine the amount of monthly medical insurance rates. The insurance seeker could adjust any one of these factors and see a change in their monthly premium. However, in the near future the consumer may still see increased overall premiums for certain policies. Illinois, California and Colorado have already seen drastic premium increases by certain insurers. The Health Insurance Rate Authority Act would give the secretary of health and Human Services the power to deny or adjust rate increases that are found to be unjustifiable.

insurance ,lawyer ,mortgage ,attorney ,donate ,confrerence call ,degree ,credit ,electricity ,seo ,World Trade Center Footage,Webex Costs,Virtual Data Rooms,Structures Annuity Settlement,Sell Annuity Payment,Neuson,Online Classes,Nunavut Culture,Online College Course,Motor Replacements,Motor Insurance Quotes,Mortgage Adviser,Met Auto,Mesothelioma Law Firm,Massage School Dallas Texas,Low Credit Line Credit Cards,Life Insurance Co Lincoln,Insurance Companies,Injury Lawyers,How to Donate A Car in California,Home Phone Internet Bundle,Holland Michigan College,Royalty-Free Images Stock,Register Free Domains,Psychic for Free,Ph.D. in Counseling Education,Personal Injury Lawyers,Personal Injury Law Firm,PaperPort Promotional Code,Online Stock Trading,Online Motor Insurance Quotes,Donate your Car for Money,Online Colleges Health Records ,Personal Health Record,Hard drive Data Recovery Services,Donate Old Cars to Charity,Forex Trading Platform,Forensics Online Course,Donate Car to Charity California,Donate Car for Tax Credit,Car Insurance Quotes PA,Email Bulk Service,Donating Used Cars to Charity,Donating a Car in Maryland,Donate Your Car Sacramento,Online Criminal Justice Degree,Donate Your Car for Kids,Futuristic Architecture,Donate Cars in MA,Data Recovery Raid ,Dental seo company,Seo reputation management,Seo copywriting services,International seo services,International seo agency,Seo for plumbers,Seo marketing experts,Seo for ecommerce website,B2b seo services ,Best cloud hosting for wordpres,WordPress hosting services,Dreamhost web hosting,Best wordpress hosting,WordPress cloud hosting,Best managed wordpress hosting,Premium wordpress hosting,Fastest wordpress hosting,Dedicated wordpress hosting,WordPress vps hosting,Cloud based hosting providers,Best wp hosting,WordPress domain and hosting,WordPress hosting,Best magento hosting,Month to month web hosting,Vps wordpress,WordPress hosting sites,Best wordpress hosting sites ,Auto insurance quotes,Workers compensation insurance,Car insurance quotes,Compare car insurance online,Buy car insurance online,Auto insurance,Commercial auto insurance,Small business insurance,Professional indemnity,General liability insurance,e&o insurance,Business insurance,Car insurance,Insurance quotes,Insurance,Life insurance,Rental insurance,Homeowners insurance,Cheapest insurance,Life insurance quotes,Insurance forbusinesses,Insurance in a business,Car insurance companies,Loans,Mortgage Attorney,Credit,Lawyer,Donate,Degree,Hosting,Claim,Conference Call,Trading,Software,Recovery,Transfer,Gas,Electricity,Classes,Rehab,Treatment,Cord Blood


Leave a Reply

Your email address will not be published. Required fields are marked *