Live Insurance News

Health insurance special enrollment period comes to an end in the US

May 4, 2015May 2, 2015 S.Vagus

health insurance plans healthcare reform affordable care act

The special enrollment period for federal insurance exchanges has ended April 30 was the last day for people to purchase health insurance coverage through federal exchanges in the United States. The federal government had opted to extend the open enrollment period in order to give people more time to receive the coverage that they needed. This was done in order to provide consumers with a way to avoid tax penalties that are associated with the Affordable Care Act, which will impact those that do not have insurance coverage. Those without…

The 2015 hurricane season predictions are good insurance news

May 1, 2015April 29, 2015 Julie Campbell

insurance news - atlantic hurricane season

If the recent forecasts are correct about this year, it could mean that damage and claims will be low. A set of insurance news forecasts have now been released with regards to the 2015 Atlantic basin hurricane season and it looks as though this year could be offering another one that is on the quiet side. Researchers at Colorado State were among those that released their 2015 hurricane season forecast. The predictions from Colorado State have been made since 1984 and are those that are frequently consulted when seeking a…

Detroit Mayor unveils plan for auto insurance

May 1, 2015April 30, 2015 Nordstrom

Mayor Mike Duggan outlines his plan to address insurance coverage in the city Detroit Mayor Mike Duggan has unveiled some details about his plan to lower auto insurance rates in the city. This may be part of an overarching endeavor in Michigan to address the issues regarding the state’s no-fault insurance system and how it is contributing to higher premiums for drivers. Detroit is working to establish an insurance pool for drivers, offering them with affordable coverage that is expected to reduce the financial stress associated with auto insurance. New…

Colorado health insurance exchange may get higher fees

May 1, 2015April 29, 2015 S.Vagus

Connect for Health Colorado board members consider raising fee on individual policies Insurance costs for policies sold through Colorado’s health insurance exchange could be growing. Connect for Health Colorado board members, whom manage the exchange, are currently considering increasing a fee on individual health plans in order to raise money next year. The fee that is currently in place is meant to provide funding for the exchange’s operations, ensuring that it is a solvent business. Board members believe that the fee is too low, however, which may lead to financial…

Health insurance must be purchased by Californians by today

April 30, 2015April 28, 2015 Julie Campbell

The residents of that state will need to buy their coverage or they will face a tax penalty for the full year. Californians who haven’t yet purchased their health insurance plan under the Affordable Care Act have until the end of the day, today, to obtain their coverage and stop themselves from facing a tax penalty for the whole year. The second, extended enrollment period for the health care reform is now coming to an official close. Technically speaking, the health insurance enrollment period was supposed to have come to…