The Pennsylvania Department Of Insurance (PDOI) will have increased control in regulating Pennsylvania small group health insurance rates. Gov. Tom Corbett signed a law that allows the PDOI to have more influence in approving and of course, disapproving rate increases of more than 10% requested by health insurers. This law could possibly help keep group health insurance more stable.

It also provides more authority to local government and less for the federal government which is what most consumers prefer. Although it is likely rates will continue to increase, the increases may be more modest. This law does not impact individual health insurance rates in Pennsylvania since premium increases are already reviewed by the PDOI.

Because small group health insurance rates have been substantially increasing, many individuals and families are purchasing their own private medical plans which are offered by the top companies such as Highmark Blue Cross Blue Shield, Aetna, UnitedHealthOne, Capital Blue Cross, Keystone and Independence Blue Cross. Rates are often substantially lower than group plans and a wide variety of coverage and benefits is available so you can easily customize your own policy.

In many situations, small group medical plans may be the best option (compared to private coverage). For example, if a major health conditions exists, such as insulin-dependent diabetes, severe obesity, cancer or severe heart disease, often, acceptance is guaranteed on group plans. Therefore in these instances, it is the best choice. Of course, each situation is different so enrollment options should be discussed with an experienced broker.

This website is Pennsylvania’s trusted online source for up-to-date issues pertaining to Pa health insurance rates, information or the Exchange. Our “one-stop” approach combines live experienced broker assistance with the best available rates to bring consumers an easy comparison and application process without paying any fees.

The PDOI may be setting up the “Pennsylvania Health Insurance Exchange” if future Supreme Court rulings are favorable to recent proposed changes to our health care system. Currently, the Exchange is on a holding pattern since it is expensive to implement and may actually turn out to be less helpful to consumers than originally planned.

Currently, small business group and individual health care is available through many different carriers and experienced broker websites (such as this one) that provide the means to purchase coverage. Hundreds of plans are offered and the process works well. The proposed Exchanges will limit choices and may force insureds to work with inexperienced “Navigators.” But for now, the concept has not been implemented.

 

 

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