We agents have been really busy the first of the year as we prepared our clients for Anthem's rate increase. They said it was going to be an average of 17.6%, but for my clients, it was more like 20-25%. There was talk that maybe the rate increase might be revised downward, but by mid January when nothing was heard, I think most agents just went ahead and started looking for better pricing, in and out of Anthem.
But then Friday afternoon, word came that this increase was being revised, read this article for the details. Too bad they couldn't figure that out in January. So, what does this all mean:
- I'm not sure yet--Anthem individual plan members will be getting a notice in the next several days advising you what your revised rate will be. I have not been notified yet what your rate will be.
- If you moved to another less expensive Anthem plan, you will have the option of going back to what you had. How this is all to be handled, not sure just yet. Stay tuned!
- If you wanted to make a change but haven't yet, I'd suggest waiting until you know what your rate is going to be so you can make the best informed decision.
If you don't have an Anthem individual plan, please pass this on to someone who does, so they know. Rates are going up all over, with all carriers, so this is why using an independent agent can be really helpful. And don't hold your breath if you think health care reform is going to help the rising tide of rates!