Member Benefits
| Jurisdiction | Georgia,United States |
| Pages | 0060 |
| Citation | Vol. 29 No. 2 Pg. 0060 |
| Publication year | 2023 |
Navigate Open Enrollment With Member Benefits, Inc.
BY SHEILA BALDWIN
Open enrollment begins on Nov. 1, and changes in Georgia's insurance marketplace is causing volatility. Read this informative article to learn how you can be prepared.
Member Benefits, Inc., the State Bar's recommended insurance broker, has earned an excellent reputation for its service to our members over the past 14 years with health, dental and vision plans, as well as disability and long-term care plans. If you are in the market for professional insurance such as group health, professional liability, cyber and 401k retirement plans, they have you covered. The Board of Governors selected Member Benefits, Inc., on the recommendation of the State Bar of Georgia Member Benefits Committee, due to their vast experience in working with lawyers and law firms. Now may be a good time to take advantage of this valuable benefit. This article is timely as open enrollment begins on Nov. 1, and changes in Georgia's insurance marketplace are causing volatility. Read this informative article to learn how you can be prepared.
Our health care and health insurance situation is rapidly changing. The demand for health care services continues to increase, but the supply of primary care physicians is not keeping pace. Both the cost and utilization of prescription drugs are up, while supply chain-related shortages are still plaguing entire pharmacy networks. The need for quality mental health care services has skyrocketed. The industry has become highly regulated, and providers and patients are struggling to make sense of it.
Collectively, these factors suggest that there will be a significant increase in health care costs for 2024. The PwC Health Research Institute's "Medical Cost Trends: Behind the Numbers 2024" report projects the 2024 average annual medical cost will increase 7% from 2023—which is more than double the U.S. inflation rate as of June 2023.
Here in Georgia, it was announced in May that the state would take over and operate its own individual health insurance marketplace; however, the launch of the Georgia-run marketplace is now targeted for the fall of 2024. For the upcoming...
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