Currently health insurance companies average 9 rate regions in California. Meaning that in one geographical are the cost of insurance is one price and in another geographical area the cost is a different amount. When the Federal Government passed PPACA, they proposed every state have a maximum of 7 regions. California, because of its size, asked for more regions. The administration agreed to a maximum of 19 regions. Next week our state legislature will be voting to see how many geographical areas they think we should have. Some Democratic legislatures want the rates based on economic areas, thus creating a less expensive rate for poorer areas, making wealthier regions pay more. In theory we could have a different rate for every zip code or one rate for all of California. Both ends of the spectrum are unlikely, but what we know is that more than 19 regions will likely not be approved by the Federal Government. So we must wait and see what our state legislature does.
We will continue to keep you updated and if you would like to receive our newsletter please email us at angela@ansainsuranceservices.com or call us at 714-680-5900. If you are in the Santa Fe Springs area over the next three months we will be holding updates on the health care law with the Santa Fe Springs Chamber of Commerce. If you would like information on dates and times please call Christy Lindsay at the SFS Chamber office 562-944-1616.
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