Los Angeles, California (PRWEB) July 18, 2011
Many health insurance plans in California are slated to rise without any type of regulation for the unexpected cost increases, according to California Insurance Commissioner Dave Jones. A recently proposed bill is now seeking to give more power to the California Insurance Commissioner for regulating, accepting or refusing insurance rate hikes from health insurance companies. These measures will help decrease the monthly expense of insurance, as discussed by California Health Insurance company, Sofi Insurnace.
The bill, known as Assembly Bill 52, seeks to help small business owners and holders of individual or family policies in California. Authorities do not currently regulate the rising cost of health insurance and the largest insurers are able to increase premium costs without any type of justification for the rate increase. Sofi Insurance, a provider of family health insurance in California, knows of the damages these increases will have on working families.
Spokespersons from major insurance companies believe the new wave of rising costs is necessary due to the rising cost of health coverage. Many California insurance policies have already seen increases this year of up to 30% on the average. If the new price increases take effect, it will be much harder for average people to afford the cost of health insurance and people may be forced to live without health insurance plans in California.
The California Insurance Commissioner supports the proposed bill and welcomes the ability to regulate insurance rate hikes. Many additional states have already passed similar legislation and a California bill passage will help keep plans for affordable health insurance in California possible. These new policies are pushing for passage before the government healthcare requirements take place in 2013.
About Sofi Insurance
Sofi Insurance helps to educate and inform consumers looking for information about individual health insurance in California and other insurance policies or to purchase a policy discretely online. As a leading insurance provider in California, the Sofi Insurance website makes it simple to research and review policy information online that helps insurance seekers purchase the right insurance policy for individual or family needs. Sofi Insurance Services can help you find all kind of health insurance plans, offered by insurance companies such as Anthem, Aetna, Health Net, Blue Shield, United, Cigna and many other companies. There are several types of health insurance, such as individual health insurance, personal health insurance, employee health insurance, small business health insurance, self-employed health insurance, group health insurance, family health insurance, PPO health insurance, HMO health insurance, and children health insurance and Sofi Insurance Services can help you find the one that best suits your needs.
For more information about insurance policies and to find affordable insurance, visit http://www.lahealthcoverage.com. You may also call (800) 636-7707 or go to 16661 Ventura Blvd #523 in San Fernando Valley, CA 91436.