Anthem Blue Cross, one of the major Indiviual insurance carrier in Brentwood and California, just announced that their initial rate guarantee for new applicants will be decreased from 12 months to 6 months starting 2012, which creates another obstacle to find affordable health insurance in Brentwood.
So it is time to act now, all applications submitted prior to December 17th , can still receive the 12-months-rate guarantee, that means for 12 months your health insurance rate remains unchanged, an important tool in this ever changing market.
Anthem follows Blue Shield who already announced last year a 6-months rate guarantee only, but we did not feel the effects in 2011. After a very unpopular rate increase at the beginning of this year, Blue Shield froze all rates for 2011.
Currently Aetna and Cigna still offer a 12-months rate guarantee for 2012. Hopefully they keep this rate guarantee, as it will give both carriers a competitive advantage. Having the ability to adjust rates every 6 months will cause the health insurance market to be even more unpredictable.