An increasing number of working adults are currently without or, without a change in state health policies, will soon be without health says MedicareSupplementPlans.com.
Los Angeles, CA (Vocus) August 5, 2009 -- Another 100,000 working Californians could be added to the ranks of the uninsured over the next four years if there are no changes in state health policies, according to researchers at the University of California, Berkeley. Researchers estimate that 500,000 Californians have already lost their health insurance due to the current recession.
To make matters worse, fewer California employers will offer health insurance, according to health insurance broker Alan Weinstock, a top producer at http://www.MedicareSupplementPlans.com. Recent reports have shown that the percentage of those with health insurance in California has declined from 61.7 percent in 2000 to 58.6 percent in 2007. That number is lower than the national average of more than 64 percent.
This growing number of uninsured is likely to take its toll on already financially strapped cities by creating higher costs, lower productivity and lower earnings. It may also mean higher costs for those individuals who retain their insurance coverage, as insurance rates are likely to continue to increase annually.
Weinstock indicates this may affect senior citizens as well, meaning they may need to switch from employer-provided coverage to a Medicare supplement plan. Weinstock’s agency, available through http://www.MedicareSupplementPlans.com, specializes in Medicare supplement insurance, also known as Medigap insurance, and gives those 65 and older the opportunity to review and compare the rates, plans and benefits of several insurance companies.
A second report recently made available by Families USA confirms the growing number of jobless and uninsured in California, finding that 12.1 million Californians were uninsured for at least part of 2007-2008.
While the picture of increasing health premiums and decreasing employer-supported health coverage looks bleak, seniors can feel confident that they have options when it comes to selecting the right Medicare supplement insurance for their individual needs. Information about available insurance plans as well as what the difference in costs and benefits are between various Medicare supplement insurance plans is available at http://www.MedicareSupplementPlans.com.
Read the full story at http://www.prweb.com/releases/MedicareSupplementPlans/08-05-09/prweb2719194.htm.
Copyright©2009 Vocus, Inc.
All rights reserved