Chad Norgard No Comments

Last week was a busy one for some of the health insurance carriers: 1- United Healthcare announced a 5.3% reduction in their PPO rates effective Nov. 1st for 2-50 sized groups. 2- Humana announced a 5% reduction in their NPOS rates …

Last week was a busy one for some of the health insurance carriers:

  1. United Healthcare announced a 5.3% reduction in their PPO rates effective Nov. 1st for 2-50 sized groups.
  2. Humana announced a 5% reduction in their NPOS rates and a 13% reduction in the HMO rates effective Nov. 1st for 2-50 sized groups.
  3. Humana also announced that their family multiplier is at 2x the individual deductible for their 2011 Copay plans (This means if you have a $1,000 individual deductible the family deductible is now $2,000).

What does this mean for you?

For starters, if you are looking for new rates then November 1st is a good time to cash in with 2 of the top 4 carriers both discounting their rates. Whether you just renewed a policy, you have a renewal in a few months, or you don’t have a policy at all and want to know the cost it’s never a bad idea to shop the policy when a price decrease comes out.

But it’s not time for our renewal yet?

You can shop your group health coverage at anytime. You are not locked into a contract, so why not look to see if you can save some money now?

For more information on how to obtain a complementary quote please give us a call.

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