It’s not every day that we get good news regarding our health insurance. We often hear about rising premiums and deductibles, along with a shrinking pool of participating doctors and specialists.
Well, not this time. Many AVMA Group Health and Life Insurance Trust medical plan participants will receive a premium credit due to the insureds’ health-care decisions that have helped the Trust control costs over the past year. The GHLIT Board of Trustees recently authorized issuance of a premium credit to active GHLIT medical plan participants who were AVMA members covered from May 1, 2008 to April 30, 2009. The credit is equal to 5 percent of the insured’s annualized premium based on eligibility information as of August 2009. The credit will appear on November premium invoices.
But wait. The good news doesn’t stop there. The Trust also announced that its cost-containment efforts mean that there will be no rate increase this year for many GHLIT medical plans – a move that counters national trends of annual premium increases.
Dr. DeHaven and I want to thank our GHLIT representatives and many of you for helping us control costs. The premium credit and the maintaining of rates are both testaments to how we can have a positive impact on both our health and what we have to pay to stay healthy.