Colleen Callahan: Insurance News
Mar 05, 2016 12:42PM
● By Colleen Callahan
March is a long month -- no three-day weekends. At least we can celebrate St. Patrick!
March is also when my health insurance association, CAHU, reviews hundreds of health related bills that our representatives present to the State Assembly and Senate. The local legislative chairs are responsible for studying two to three bills, preparing a summary, and making recommendations to support, oppose, or remain neutral on a given bill. It is a very interesting aspect to our complicated process of making new laws.
The people on this committee are licensed health insurance agents and volunteers. I am lucky to be a small part of the process. Each year, I am impressed by their passion and diligence. Many have served for years. They focus on what is best for their clients and care deeply about the industry.
It is important to mention the unsung heroes that have helped me grow in my business. It is especially important because a tech company in San Francisco that entered the insurance business a couple years ago is currently being investigated for licensing violations in Washington and California. The CEO resigned unexpectedly in February. There will likely be more scrutiny of health insurance agents because of the unprofessional activities that apparently permeated the company culture.
I am confident the truly professional insurance agents will weather this storm. If your company switched brokers last year, it would be wise to verify the agent selected does indeed have a valid California insurance license. You can confirm this by looking up agents on the California Department of Insurance website: www.insurance.ca.gov.
Please call me if I can be of help. I am licensed.
For those of you with a Medicare Supplement, remember, if it is your birthday month, it is a good time to review your plan as rates have increased.
Colleen Callahan, CLU, CASL, LUTCF.