On August 10, 2012 the Washington Post reported on five factors that may increase health care premiums with passage of the Affordable Care Act. We have already written on the first factor. The second factor that may increase premiums is Community Rating.
Community Rating is the practice of one rate for all in that particular age band. Carriers can no longer charge more if someone has a problematic health history. Starting in 2014 everyone will pay the same premium in a given age band. If a individual, for example, has diabetes, COPD, or any other chronic disability he or she will pay the same rate as a perfectly healthy individual with out a single health issue. This will be very good for those that did have health issues, but it means that every healthy individual will now pay more for those that are not healthy.
Look for the next posting to find out more about the ACA and it's impact on premiums. If you have any questions or would like to get information on health or life insurance please give us a call at (714)680-5900 or check us out at www.ansainsuranceservices.com .
No comments:
Post a Comment