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Old 01-24-2009, 08:52 AM   #41
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Originally Posted by Lakewood90712 View Post
Look for a large cost increase for all lines of insurance. With the exception of a government run plan , the insurance business IS about how bad Allstate ,Chuub , State Farm, etc. got beat up with investments. Risk pooling is only part of the picture.
Agreed, there seems to be a lot of bait and switching, probably works
with most, seems to me they are getting greedy, I expect I'll be changing
again (now Aetna), or maybe the dems will fix all this
TJ
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Old 01-24-2009, 07:14 PM   #42
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Just got a notice that my Anthem Blue Cross monthly payment will be going up over 50% in March! It's a high-deductible ($3500) HSA plan. It's still relatively cheap (was $107, now going to $163) but, as they say, "it's the principle of the thing."
Just for fun, I went to the Anthem website and got a quote for my age/location/etc for coverage starting in April 2009. Still $107/month.
I have the same Anthem HSA $3500 deductible plan, and I just got a notice saying that my rates will increase on 3/1/09 by about 33%. I checked the ehealthinsurance.com site for coverage starting on 3/2/09 and they show the exact same new rate as my notice. So at least they aren't singling me out.
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Old 01-24-2009, 07:30 PM   #43
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I just noticed a strange coincidence: The date of my rate increase is exactly 18 months since I began the plan, and there is a statement in the letter that:

Quote:
If you have been covered for at least 18 months under and Anthem BC health plan, you may be able to transfer, without medical underwriting, to another plan providing equal or lesser benefits.

...
You may also view other coverage options at changemycoverage.com
That website timed out when I entered my info to check alternatives, probably because lots of folks got the same letter.

Given that I'm not being singled out, I won't start hypothesizing about them trying to switch me into a lesser plan.

My guess is that they are reacting somehow to their predictions of what will happen to healthcare under Obama.
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Old 01-25-2009, 12:01 PM   #44
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I just noticed a strange coincidence: The date of my rate increase is exactly 18 months since I began the plan, and there is a statement in the letter that:

That website timed out when I entered my info to check alternatives, probably because lots of folks got the same letter.

Given that I'm not being singled out, I won't start hypothesizing about them trying to switch me into a lesser plan.

My guess is that they are reacting somehow to their predictions of what will happen to healthcare under Obama.
Hmmm. . . nice theory, but probably not viable. All their rate changes have to be approved by your state insurance commissioner. They have to demonstrate from an actuarial perspective why the rate is needed. There isn't any current data that I'm aware of that can be used to make rates on some future unknown legislation. Someone else here may have other insight.

You may have moved from one age band to another, changing your rate. The company itself may have experienced higher than normal claims necessitating a change in the rates (the same would be true for lower than normal claims volume). But, overall, it is important to remember that your rate is not based solely on your claims but on the thousands of claims for people in your age band insured by Anthem in this product.

Insurance carriers are not the sole cause of problems in the health care system. They simply attempt to negotiate the fees charged to their policy holders. They are the passthrough: health care providers decide if they want to serve a patient and how much they want to charge.

It is a problem with this particular industry that they like to point fingers at the other guy as being the cause. And there are more than 2 guys involved in the relationship of finger-pointing.

-- Rita
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