It’s time to review insurance policies
HARRISBURG, Pa. Insurance Commissioner Jessica Altman reminds Pennsylvanians to review, and possibly update, their insurance policies, including home, auto and health insurance, and encouraged consumers to explore the savings options for 2022.
“The new year is a good time to review insurance plans to make sure all policies are up to date,” Commissioner Altman said. “2021 has been another year of continuous change, so it’s important to make sure all policies reflect any major life changes. Reviewing your policies can also be an opportunity to identify savings that could now be applicable in 2022.”
Pennsylvanians can find savings in their auto insurance policies if their working conditions have changed. Anyone who has changed jobs, is no longer working, or has stopped coming to work should call their auto insurance company or agent.
Many insurers’ rates are based on annual mileage, whether a consumer commutes to work, and the distance traveled. If you no longer drive to work, commute to work less often, or have a shorter commute to another workplace, you may qualify for a lower premium.
New and existing homeowners should always be sure to compare prices and coverage of homeowners insurance options.
Prices for similar coverage can vary widely from company to company, and in some cases the company offering the cheapest price may also offer the lowest coverage. Many insurers offer a discount for having security devices in your home, such as smoke detectors, burglar alarms, sprinkler systems, deadbolts on doors, or security devices for windows.
Some insurers offer discounts for smart home devices such as those that monitor water leaks. There are also insurers that offer lower prices for things like bundling your home and auto insurance with the same company.
With the new year comes new resolutions to improve our health in various ways. Pennsylvanians who have health insurance coverage through their employer should consider checking with their human resources department for relevant discounts that may apply.
Many employers offer discounts for attending health incentive programs or a smoking cessation program.
Additionally, many insurers offer discounts on local or national health clubs, saving money on membership fees for the individual, as well as their family.
Any Pennsylvanian who still needs health insurance coverage for 2022 can still enroll through Pennie, Pennsylvania’s state insurance exchange.
Consumers can purchase comprehensive health insurance until January 15, for coverage that begins February 1.
Navigators are available to provide free assistance to Pennsylvanians who wish to enroll in new coverage.
With savings from the American Rescue Plan, 90% of Pennie customers receive financial assistance to pay their monthly premium. Many may also receive assistance to reduce out-of-pocket expenses such as copayments and deductibles.
Consumers with questions about auto, home and health insurance can contact the Department of Insurance’s Consumer Services Bureau by calling (877) 881-6388 or at www.insurance.pa.gov.