With Healthcare Reform already passed an unexpected consequence has begun to occur: the rising of health insurance premiums. Beginning in January of 2011 all carriers are required to have their medical loss ratio(MLR) be equal to 80%.
What does this mean for the consumer? Carriers need to make up for you loss of profit and since guaranteed issue Florida health insurance won’t occur till 2014 this is one of the few options carriers have.
So if you are thinking about getting health insurance or want to see if you can get a cheaper plan it is better to act sooner rather than later.
For more information call Evan Tunis at 800.946.3157.
Evan Tunis is with FloridaHealthcareInsurance.com, the leading provider of Florida health insurance quotes. To learn more about Florida health insurance, visithttp://www.floridahealthcareinsurance.com/.