Yup, I think that's what we're doing.
I find it strange, though, that the insurance companies are allowing us to renew early and lock in a rate for another year if they're so sure rates would otherwise skyrocket in January.
I find it strange, though, that the insurance companies are allowing us to renew early and lock in a rate for another year if they're so sure rates would otherwise skyrocket in January.
Heck, the only reason Obamacare passed was because Blue Shield of California announced it was raising rates upwards of 40% which reignited the fight after everyone thought it was over.
Better to keep your profitable premiums than to lose you to a cheaper state exchange. It'd only make sense to force you into the newer rate immediately if you had no other option -- but the exchanges are all about giving you more options.
If the coverage is starting early in December, plans may be working around some of the provisions limited to specific to plan years by starting what would otherwise be 2014 plans in December 2013.
> The insurance company offered to let us renew early, at a moderately higher price, rather than wait for it to renew early next year when they say it will be much, much higher.
"Renew now to avoid a big upcoming price increase" is a frequently used sales pitch, but there is no reason for a rational profit-maximizing firm to offer it unless there is something else at work.