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What should you expect with the new Healthcare Reform Act, otherwise known as “Obamacare”???

Posted: October 4, 2013

*EVERYONE can expect to see a 3-5% increase on their health insurance premiums. This is the cost associated with the new tax to fund the Healthcare Reform.


*Those that have purchased coverage on their own can expect to see a 40-60% rate increase on current rates.


* BCBS is renewing ALL plans effective January 1st. Those with BCBS can expect to see the increase and the essential benefits added at that time.


*Humana, United Health, and Assurant plans will not see the rate increase or the essential benefits added until your plan renewal date.
PLEASE NOTE, if your plan effective date was prior to March 23, 2010 your plan is considered “grandfathered” and you will not be required to accept the new essential benefits. In turn you will have lower rates; however if you make ANY changes to your plan you will lose your “grandfathered” status.


*EVERYONE will have the option to view plans on or off the exchange. Selecting a plan on the exchange will qualify you for the subsidy or cost sharing. Pricing for both options has been released this week. I am certified to review plans to determine which route is better for you and your family.


*The subsidy is based on household size and annual income. If you qualify for the subsidy, you can elect to have the funds applied towards your monthly health insurance premium or you can have the funds applied towards your tax return.


*9.23.13 Health Insurance Carriers released a letter to those that have purchased coverage on their own, explaining options. The letter requires that you return it by 12/15/2013 if you are choosing a different plan. I would be happy to discuss your options, please contact me before returning this letter.

These are just a few of the details of this new law. I will be available to answer your questions or get you signed up every Saturday in October from 10am-2pm. I will be located at my office in the Prime Realty Building at 17208 Oak Park Avenue Tinley Park, IL 60477. Please stop by so we can get you headed in the right direction.


Feel free to email or call me with any questions or comments about my services or if you have any insurance related inquires.


Phone: 708.444.0050


Monday - Friday: 10am - 5pm
Evening and weekends
available upon request