Friday, August 19, 2016

State Fund Rate Decrease/Covered California Rate Increase

We delayed our annual survey this year and are now  doing our 12th annual survey of small businesses around the state. Please see link below and complete. It would also be great if you could forward this to associations you belong to and your colleagues in the small business community. This is the most important thing we do annually and gives us a reading of the pulse of small business.  I want to thank Jim Ross and Sam Felsing of Telegraph LLC for their assistance in putting together the survey.

Here's the final link: 
State Fund has announced an overall rate decrease September 1, 2017 of 9.5%.  This is going to vary by the class codes you have been assigned. One note of caution if you are a State Fund policy holder. If you renew your policy with them be sure and check your claims activity the year prior  to renewal.
A couple of very small claims could have a major impact on pricing. I have seen accounts increase 35% to 40% because of just a couple claims under $1000.

Covered California just announced a 13.2% increase next year. You may not be with Covered California but this is a good indication that all health insurance companies will be increasing rates close to the same amount.

Scott Hauge
Small Business California
2311 Taraval Street
San Francisco, CA  94116

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