If you live in Maryland and are covered by a CareFirst health insurance plan, chances are you’re going to see an increase in your monthly premiums in 2016.
Effective January 1, CareFirst premiums in Maryland will be on average 26% higher than rates in 2015.
What Can You Do?
At Virginia Medical Plans, our number one goal is to educate you about your options and help you choose the one that best meets your needs — and your budget.
Because we work with all the major carriers, we may be able to secure a plan for you with another insurer at a more competitive price.
We may find, however, that because CareFirst continues to have the largest HMO and PPO networks for plans in Maryland, switching carriers is not an attractive option. In that case we can examine other plans with CareFirst. For example, an HSA-compatible plan may help mitigate any premium increase and provide tax breaks to families with higher incomes.
Open Enrollment Begins November 1
Open Enrollment begins November 1 and extends through January 31. During this time, you may select new 2016 coverage for any reason.
|If you enroll in coverage ...||Your coverage will begin ...|
|November 1, 2015 - December 15, 2015||January 1, 2016|
|December 16, 2015 - January 15, 2016||February 1, 2016|
|January 16, 2016 - January 31, 2016||March 1, 2016|
If faced with a price increase for 2016, we recommend researching your options.
You can view plans and pricing by clicking here to request a free quote. We expect 2016 data to be available in mid- to late-October.
Virginia Medical Plans Can Help
We are standing by to answer any questions you may have. Give us a call at 703-707-8270.
There is never a charge for our services, and we are happy to be of assistance!