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Insurance companies prepare for new healthcare regulations

Posted: 03/29/13 09:23

In 2014, insurance companies are getting ready for big premium increases due to health care reform. Jerome Rewolinski is the Director of Account Management at Blue Cross- Blue Shield of Nebraska and says more businesses are getting a jump start on the requirement of providing coverage for their employees. Rewolinski says in the early stages of health care reform they have seen rates go up anywhere from 3 to 6% and that will increase significantly in 2014. He says there are two reasons why rates will increase. One is the requirement that companies accept those with pre-existing conditions and two, everyone who applies for coverage must be accepted.