Live Insurance News

Vermont health insurance rate hikes eased by state regulators

August 22, 2023August 21, 2023 H. Cutner

The state has attempted to take steps to keep premiums from rising over a certain limit. Health insurance price increases proposed by two major insurers in the Vermont marketplace have been slimmed down by state regulators. The decision to pare down the requested rates took the form of a pair of rulings issued last week. The Green Mountain Care Board issued two rulings last week that notably shrank the health insurance rate increases requested by MVP Health and Blue Cross Blue Shield for their small group and individual plans being…

Number of Americans with health insurance hit record high in Q1 2023, said CDC

August 10, 2023August 9, 2023 Nordstrom

That said, this figure was measured just before the changes to Medicaid rules were implemented. During the first quarter of this year, the number of Americans without health insurance dropped to a record low of 7.7 percent. Unfortunately, this record-breaking figure was achieved just ahead of the expiration of the rule implemented during the pandemic. In April, the Medicaid coverage of 15 million people was on shaky ground, possibly increasing uninsured rates. The data was measured in a survey released by the Centers for Disease Control (CDC) this month. It…

Medicaid health insurance coverage at stake for many people because of paperwork issues

August 7, 2023August 3, 2023 Marc

People in a number of states have been struggling with paperwork issues and are losing their coverage. Procedural challenges and paperwork problems are being blamed for a rash of people losing their Medicaid health insurance coverage in several states throughout the country. The Health and Human Services Secretary is urging states to Health and Human Services Secretary do more to keep residents enrolled. Xavier Becerra, , is calling for states to do more to make sure their lower-income residents have the ability to remain covered by Medicaid health insurance coverage.…

Colorado health insurance program provides undocumented immigrants coverage

August 2, 2023August 2, 2023 G. Turner

The program’s first year of operation cost tens of millions and has saved wellbeing and lives. The first year of the Colorado health insurance program offering undocumented immigrants with healthcare is now offering its first annual data tallies. In the state, every insurer offering coverage must sell to everyone, regardless of documentation status. Undocumented immigrants can legally obtain health insurance coverage in the state. In its first year of operation, the state paid $73 million to insurers for the program. This does not subtract the amount paid into the program…

Cigna health insurance sued over use of software to deny claims

July 31, 2023July 28, 2023 Marc

The insurer was sued in California for alleged unlawful claims reviewing software use. Cigna is now facing a lawsuit in California over allegedly unlawfully reviewing health insurance claims using software that does it automatically instead of having human employees complete the work. When a claim is submitted to an insurer, certain steps must be taken to determine if it will be accepted or denied. The healthcare system in the United States involves certain steps when it comes to determining payment through health insurance coverage. First, the patient heads to a…

Are Medicare Supplements Worth It?

July 19, 2023 Guest Author

Medicare Supplements are they worth it - lets take a look

Navigating the complex world of healthcare can be overwhelming, especially when understanding the different options available under Medicare. While Medicare provides essential coverage for healthcare expenses, many beneficiaries discover gaps and out-of-pocket costs that can add up quickly. This is where Medicare supplements, also known as Medigap plans, come into play. These supplemental insurance plans are designed to fill the coverage gaps and help individuals manage their healthcare expenses more effectively. But are Medicare supplements worth it? Let’s explore the key aspects of these plans to help you make an…

Biden administration seeks to restrict ‘junk’ health insurance plans

July 13, 2023July 12, 2023 Nordstrom

Health insurance - White House - US Flag

A proposal is expected to be made tomorrow for a new regulation to crack down on short-term coverage. The Biden administration is expected to propose a new regulation tomorrow, with the intention of cutting back on short-term health insurance plans. This rule is long awaited and expected, to reign in the expansion of weak coverage from the Trump years. Democrats have been criticizing the expansion of thin health insurance coverage that was permitted during the Trump administration. They, along with patient advocacy groups, have criticized this type of skimpy coverage…