My Health Insurance of Washington reports improved health insurance market conditions due to competitive forces at work in Washington State.

(I-Newswire) November 7, 2009 - If you want the highest quality you have to pay more, right? Currently when you shop for individual, family, or self-employed health insurance plans in Washington State this principle does not apply. Rarely does a combination of high benefits at low rates coincide.

Let’s start by mentioning that no one thought the basic “Pay Less, Get MORE” principle would apply in Washington State, let alone this particular company. After all, the newly competitive company we are referring to is usually thought of as an HMO, where one has historically had to see their doctors at their facilities. In fact, several years ago no one would have expected this company to have a huge network of providers and hospitals rivaling or exceeding Premera Blue Cross or Regence Blue Shield. In many ways this resembles the ugly kid in class growing up to be a supermodel: it can happen, but it’s rare.

The company is Group Health. And to think they were once not so fondly referred to as “Group Death.” A lot has changed.

Many brokers/agents were skeptical of the new Group Health model, and didn’t place their clients with them until they saw that the new model was working. Well, it is working and is providing great health insurance benefits for very low rates. Even President Obama has lauded Group Health as one of the best examples of care in the country.

Group Health changed because they had to in order to survive. Their membership was stagnant, while Regence Blue Shield and Premera Blue Cross were growing. They were having a hard time attracting top talent, when Regence, Premera and others could afford the best management money could buy. So, Group Health rolled up their sleeves and changed. And, they didn’t receive any bailout money or tax assistance to do so.

In the end it is a win-win for everyone. The broker/agent community is happy because now there are more competitive health insurance products in Washington that additional people can afford. Health Insurance consumers ranging from individuals, families, self-employed and small business are happy because the newly changed Group Health fosters rate competition in Washington, a market historically dominated by Regence Blue Shield. Group Health is happy because their growth has increased revenues allowing them to attract better and more qualified employees, thus hopefully becoming more competitive than ever before.

And, while there is no guarantee that this combination of low rates and high benefits will last forever, at least for now health insurance consumers in Washington State can take advantage of this unique situation.

My Health Insurance of Washington specializes in helping individuals, families, the self-employed, and small business find quality health insurance plans to meet their financial needs. Based in Washington State, their sole focus in on Washington State Health Insurance. www.myhealthinsurancewa.com 1-877-877-9545

About My Health Insurance WA:
My Health Insurance of Washington specializes in helping individuals, families, the self-employed, and small business find quality health insurance plans to meet their financial needs. Based in Washington State, their sole focus in on Washington State Health Insurance plans.

Company Contact Information
My Health Insurance WA
Jeffrey Lindstrom
3919 Latona Ave. NE
Suite C1 (new location!)
98105
Phone : 1-877-877-9545