On August 23rd the California Health Benefit Exchange received it's third installment of federal funds to the amount of $196 million for a total of $236 million. The money is to be used to set up the information system of the Exchange. In other words, the federal government has already spent $236 million dollars just in California to set up the computer software to run the exchange here in California alone.
On August 24th the exchange failed to reach a decision on the choices small business and their employees would have if using the exchange. It has been deferred to a later meeting.
For more information on individual insurance plans as they are right now, please check out our website at www.ansainsuranceservices.com or call us at (714)680-5900.
Thursday, August 30, 2012
Tuesday, August 28, 2012
Washington Post - Part 5
The final and last factors, according to the Washington Post's article on August 10, 2012, that would cause premiums to rise due to the health care law are the taxes and fees associated with it. It is presumed that the costs associated with these fees would be passed down to the purchasers. The more fees attached to the carriers, the more the rates will increase.
What the article does not mention are the costs associated with caring out this law. The bureaucracy associated with the law is enormous and will be passed on from the top to the very bottom. Compliance on every end of the service chain will be tested and possible fined. It is a law like no other and the unknown costs could be enormous. Time will tell and we hope we are wrong, but what we see at this point is 16,000 newly hired IRS agents to look for people and companies not complying. Yet people and companies do not even know what the laws are yet.
We will continue to update you as we get more information. If you would like to reach either Lisa Boyajian or Angela Gambino you can either call us at (714)680-5900 or find us on the web at www.ansainsuranceservices.com .
What the article does not mention are the costs associated with caring out this law. The bureaucracy associated with the law is enormous and will be passed on from the top to the very bottom. Compliance on every end of the service chain will be tested and possible fined. It is a law like no other and the unknown costs could be enormous. Time will tell and we hope we are wrong, but what we see at this point is 16,000 newly hired IRS agents to look for people and companies not complying. Yet people and companies do not even know what the laws are yet.
We will continue to update you as we get more information. If you would like to reach either Lisa Boyajian or Angela Gambino you can either call us at (714)680-5900 or find us on the web at www.ansainsuranceservices.com .
Friday, August 24, 2012
Washington Post - Part 4
As you have read in our past three posts, the Washington Post on August 10, 2012 published an article on the five factors that may lead to increased premiums due to the passage of the healthcare law. The fourth factor they wrote about is that insurers must offer an "essential health benefits" package. The essential benefits provide coverage in ten areas. These ten areas are:
1)ambulatory patient services 2)emergency services; hospitalization 3)maternity and newborn care 4)mental health and substance use disorder services, including behavioral health treatment 5)prescription drugs 6)rehabilitative and habilitative services and devices 7)laboratory services 8)preventive and wellness services and chronic disease management9)and pediatric services, including oral and 10)vision care.
They are great benefits, but are more than what most individuals and groups purchase and as we all know, the more you get the more you pay. If you would like to find out more about these plans or current plans you can call us at (714)680-5900 or find us on the web at www.ansainsuranceservices.com .
1)ambulatory patient services 2)emergency services; hospitalization 3)maternity and newborn care 4)mental health and substance use disorder services, including behavioral health treatment 5)prescription drugs 6)rehabilitative and habilitative services and devices 7)laboratory services 8)preventive and wellness services and chronic disease management9)and pediatric services, including oral and 10)vision care.
They are great benefits, but are more than what most individuals and groups purchase and as we all know, the more you get the more you pay. If you would like to find out more about these plans or current plans you can call us at (714)680-5900 or find us on the web at www.ansainsuranceservices.com .
Thursday, August 23, 2012
Washington Post - Part 3
Part 3
If you have read the past two posts you would know that the Washington Post on August 10 had an article on the effect of the health care law on premiums and noted five factors that could/would raise premiums for most individuals.
The third factor is closely related to the second factor but often gets confused as being the same thing, yet it is quite different. Factor 2 relates to what is known as community rating. Everyone within a age band pays the same rate. Factor 3 is the part of the law that forces health carriers to accept everyone regardless of preexisting conditions. What this means is that carriers can not turn down anyone and their premiums must be the same as all the healthy individuals.
The end result is that those healthy individual will need to make up the cost difference for all the unhealthy individuals that the carriers were forced to accept.
We will continue to update you on the factors that will increase premiums in future posts so be on the lookout. If you have any questions or would like to get more information you can reach us at (714)680-5900 or find us at www.ansainsuranceservices.com .
If you have read the past two posts you would know that the Washington Post on August 10 had an article on the effect of the health care law on premiums and noted five factors that could/would raise premiums for most individuals.
The third factor is closely related to the second factor but often gets confused as being the same thing, yet it is quite different. Factor 2 relates to what is known as community rating. Everyone within a age band pays the same rate. Factor 3 is the part of the law that forces health carriers to accept everyone regardless of preexisting conditions. What this means is that carriers can not turn down anyone and their premiums must be the same as all the healthy individuals.
The end result is that those healthy individual will need to make up the cost difference for all the unhealthy individuals that the carriers were forced to accept.
We will continue to update you on the factors that will increase premiums in future posts so be on the lookout. If you have any questions or would like to get more information you can reach us at (714)680-5900 or find us at www.ansainsuranceservices.com .
Wednesday, August 22, 2012
Washington Post - Part 2
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 .
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 .
Monday, August 20, 2012
Washington Post - Impact of Health Reform Law on Premium
On August 10 the Washington Post examined the ACA and it's effect on health care premiums. For the next five posts we will examine the five factors that could lead to higher premiums for some/many/all depending which category you fall into.
Factor One: Premiums could increase for some and decrease for others because of what is known as age banding. Currently most states (including California) band on a 5:1 ratio. This means that older individuals pay 5 times more than younger individuals. Starting in 2014 the new age band ratio will be 3:1 meaning that older individuals will pay 3 times more than younger individual. In a practical sense younger individuals will pay more for the same insurance and older individuals will pay less.
Look for more information on the health care laws impact to come. If you would like to reach us at Ansa Insurance Services, you can either call us at (714)680-5900 or find us on the web at www.ansainsuranceservices.com .
Factor One: Premiums could increase for some and decrease for others because of what is known as age banding. Currently most states (including California) band on a 5:1 ratio. This means that older individuals pay 5 times more than younger individuals. Starting in 2014 the new age band ratio will be 3:1 meaning that older individuals will pay 3 times more than younger individual. In a practical sense younger individuals will pay more for the same insurance and older individuals will pay less.
Look for more information on the health care laws impact to come. If you would like to reach us at Ansa Insurance Services, you can either call us at (714)680-5900 or find us on the web at www.ansainsuranceservices.com .
Thursday, August 16, 2012
Relay for Life - American Cancer Society
It's time again for the Santa Fe Springs Relay for Life. This wonderful 24 hour event will take place at Lake Center Athletic Park in Santa Fe Springs on September 28th and 29th. Just like last year, Lisa Boyajian, will be co-chairing the event.
If you have never attended a Relay it is a beautiful event and you should take a little time to come and check it out. If you have and are interested in either attending or supporting check out the website at www.relayforlife.org and put in Santa Fe Springs, CA under Find Event. You can sign up or just donate, but all proceeds go to The American Cancer Society. We all have been touched in one way or another by cancer, come do something about it.
To get more information on the Relay for Life, you can contact Lisa Boyajian at (714)680-5900 or email her at lisa@ansainsuranceservices.com . At Ansa Insurance Services we are committed to doing all we can to make this world a healthier place for all. Check us out at www.ansainsuranceservices.com .
If you have never attended a Relay it is a beautiful event and you should take a little time to come and check it out. If you have and are interested in either attending or supporting check out the website at www.relayforlife.org and put in Santa Fe Springs, CA under Find Event. You can sign up or just donate, but all proceeds go to The American Cancer Society. We all have been touched in one way or another by cancer, come do something about it.
To get more information on the Relay for Life, you can contact Lisa Boyajian at (714)680-5900 or email her at lisa@ansainsuranceservices.com . At Ansa Insurance Services we are committed to doing all we can to make this world a healthier place for all. Check us out at www.ansainsuranceservices.com .
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