Please note that while not everyone will be affected by annual rate increases, many of you will find that your rates are being adjusted by the insurance carriers. This is due to rising costs of health care, hospitalizations, and prescription drug costs. However, though your rates may be rising, this does not mean you are without options.
Sometimes the simplest answer is to raise your deductible. This means you may be taking on higher cost-sharing, but usually the premiums are reduced enough to make a huge difference.
You can also review your current plan to make sure you aren’t paying for coverage you don’t need, such as maternity coverage when you don’t need it or unlimited yearly doctor visits when you only go a few times per year. Sometimes, choosing a different plan for each family member makes the most sense, as not everyone has the same needs.
There are also plans that include tax deductible benefits, such as the Health Savings Accounts. We speak often of these plans, and find the benefits and premiums on HSA plans are tough to beat!
I value your continued loyalty to our agency, and will work hard to keep you and your family covered.
