Many people will likely see their rates go up a bit. The challenge comes from the fact that insurance companies must take all customers, no matter their health condition. It costs more to cover people with pre-existing conditions. That's why rates will go up for just about everyone.
Plus, the new law says all plans must include a minimum amount of coverage, called essential health benefits. That means we will add to all plans such things as: ER services, maternity care, mental health, lab services, pediatric care and vision services. Most plans will see this coverage added starting in 2014. More benefits add to the cost of a plan. Grandfathered plans will stay the same, though their rates may still change because of new rating rules.
Yes! Here’s what you can do:
- Call a Blue Cross agent for assistance. Our agents can also help you buy insurance on the online Health Insurance Marketplace when it opens October 1st.
- You may be able to get a subsidy from the government that would help you pay for your insurance coverage. Check out our subsidy calculator to get an idea on whether you qualify.
- You may be able to find another plan on the Health Insurance Marketplace when it opens October 1st.
We don’t have "profits." We are owned by our policyholders – not stockholders. We also spend at least 85 cents of every dollar to pay our members’ healthcare bills. Here is how we spend your money:
Our reserves help us pay hospitals in advance to stay open and serve our customers in cases of emergency, such as hurricanes Katrina and Rita. Our reserves also allow us to go without premium from some of our hardest-hit customers in times of disaster and still pay claims.
When you apply for insurance on the Health Insurance Marketplace, you will enter your personal information and income. Then the site will let you know if you qualify for a subsidy. If you do qualify, the site will tell you how much you can get.
- Your plan has no annual limit.
- You can still have coverage if you have a pre-existing condition.
- You must have insurance.
- Depending on your annual income, you may qualify for government assistance.
- You can buy online at www.bcbsla.com, or the government's Health Insurance Marketplace.
Individuals and small businesses can shop for insurance on the online Health Insurance Marketplaces starting October 1, 2013. The policies will not go into effect until January 1, 2014.
You can get more information at healthcare.gov, a U.S. Government website that explains more details about healthcare reform and the marketplace.