Did you know that if your under thirty you'll pay the most for the health care bill?
The study, by the consulting firm of Oliver Wyman, concludes that premiums for individuals will rise by $1,576 and $3,341 for families under the bill. Young people will be hit the hardest. The study predicted that premiums for new health insurance policies purchased by the youngest third of the population would rise by 35 percent under the bill.
These increases will stem from the bill's provisions that bar insurance companies from raising rates on sick people and from excluding people based on preexisting conditions. Both of these mandates will mean higher costs for the younger and healthier population. This bill is, in effect, a tax on the young.
http://townhall.com/columnists/DickMorrisandEileenMcGann/2009/12/19/how_obamacare_will_hurt_young_people?page=full
Yes and the young people, most of whom voted for Obama, will also get to pay back the enormous debt he is piling up.
Filed under Health Insurance by on Sep 9th, 2010. Comment. 
Does an employer need to give notice before increasing insurance rates?
My employer just sent me a second letter this year that my health insurance rate is increasing. The last increase was in september. I can find everywhere that the insurance co's have to give the employers a 60 day notice for rate change. Does the employer have to give us advance notice so we can search for other alternatives?
In most cases the employer does not have to give you any notice. You can cancel your insurance any time with them. It would be recommended they did provide notice.
You should always review your options as well. In some cases, individual health plan can be less expensive than the group plan you get from your employer. If you have a pre-existing condition or poor health, the group plan is best.
Filed under Health Insurance by on Apr 22nd, 2010. Comment.