Over the last two years we have seen major changes in the health insurance industry. This will probably continue to be the case over the next several years. We are working with several carriers who have solutions now.
No Options or Choices Left
The self-employed individuals and small business owners across Oklahoma have been some of the hardest hit by the rising costs of Health Insurance. In Fact, some Oklahoma insurance premiums have increased by almost 400% since 2013. Individuals and families who make too much money to qualify for subsidies through the Federal Marketplace have felt the full effect of the premium increases. Many families we have consulted with at Norris Financial Services have seen their premiums increase to $2,000 per month and MORE! Rates like these are simply put…UNAFFORDABLE and many families have opted to go uninsured, thus putting themselves and their families at risk for costly medical events.
In addition to the rate increases, consumers are also left with literally NO OPTIONS. The only major medical insurance provider in Oklahoma that has stuck it out is Blue Cross Blue Shield. Many other states are also in this same situation with only one company offering coverage. From a business perspective, there was simply NO CHOICE, which is exactly what many consumers were left with…NO CHOICE. At least that's what many thought until recently.
In addition to the rate increases, consumers are also left with literally NO OPTIONS. The only major medical insurance provider in Oklahoma that has stuck it out is Blue Cross Blue Shield. Many other states are also in this same situation with only one company offering coverage. From a business perspective, there was simply NO CHOICE, which is exactly what many consumers were left with…NO CHOICE. At least that's what many thought until recently.