Rick Thornton, an Austin, TX health insurance agent, said the rent statewide rate increase of 3.1 percent are a direct result of what has happened with the COVID-19 pandemic.
Austin health insurance faces rate hike as COVID-19
continues to affect health c
Austin health insurance and the people who have it should expect to see a
statewide average 3.1% rate increase as early as next year for Affordable Care Act
health insurance plans sold through the federal insurance exchange.
According to several news sources, the initial rate increase
request was only 1.8 percent, but those numbers did not
account for COVID-19 and the likely impact it will have on the
upcoming year.
Those with health insurance in Austin for Travis
County have the highest monthly premiums at
$264.
Enrollment in the federal health
insurance exchange for 2021
coverage begins November 1 and
ends on December 15, 2021.
Rick Thornton, an Austin health insurance
agent says that while these rate increases
are disappointing, they are also not a
complete surprise and should be expected
in other states in the near future.
The coronavirus has flipped everything on its head since early
March, including health care.
Companies submitted separate
projections for the pandemic in the
aggregate requesting a 2.8% increase
due to claims stemming from the
pandemic.
When the 3.1% increase was
approved, it accounted for a 2%
COVID-19 impact.
Insurance4Dallas provides consumers with detailed information on
health insurance with the ability to purchase health insurance
online.
Insurance4Dallas provides a full spectrum of
health, dental, vision, life and ancillary
insurance products, providing a diverse
selection of price and benefit options
complemented by personal customer
service.
Available via phone, email or fax,
Insurance4Dallas answers consumer
questions throughout the purchasing
process and during the utilization of its
health insurance policies.
Contact Us At:
https://insurance4dallas.co
m/austin-health-insurance/
continues to affect health c
Austin health insurance and the people who have it should expect to see a
statewide average 3.1% rate increase as early as next year for Affordable Care Act
health insurance plans sold through the federal insurance exchange.
According to several news sources, the initial rate increase
request was only 1.8 percent, but those numbers did not
account for COVID-19 and the likely impact it will have on the
upcoming year.
Those with health insurance in Austin for Travis
County have the highest monthly premiums at
$264.
Enrollment in the federal health
insurance exchange for 2021
coverage begins November 1 and
ends on December 15, 2021.
Rick Thornton, an Austin health insurance
agent says that while these rate increases
are disappointing, they are also not a
complete surprise and should be expected
in other states in the near future.
The coronavirus has flipped everything on its head since early
March, including health care.
Companies submitted separate
projections for the pandemic in the
aggregate requesting a 2.8% increase
due to claims stemming from the
pandemic.
When the 3.1% increase was
approved, it accounted for a 2%
COVID-19 impact.
Insurance4Dallas provides consumers with detailed information on
health insurance with the ability to purchase health insurance
online.
Insurance4Dallas provides a full spectrum of
health, dental, vision, life and ancillary
insurance products, providing a diverse
selection of price and benefit options
complemented by personal customer
service.
Available via phone, email or fax,
Insurance4Dallas answers consumer
questions throughout the purchasing
process and during the utilization of its
health insurance policies.
Contact Us At:
https://insurance4dallas.co
m/austin-health-insurance/