More than 40,000 people sign up for health insurance coverage through Nevada exchange

S.Vagus
Nevada health insurance commissioner State Legislature Building

State insurance exchange is performing well this year Thousands of consumers in Nevada have purchased health insurance coverage through the state’s exchange during the latest open enrollment period. According to information released by the state’s exchange, some 40,285 have enrolled in the exchange before December 15. These people will have their new insurance policies go active on January 1, 2015, and will also receive any tax credits they may be eligible for at the same time. Technical issues of the past have been resolved, making it easier for consumers to…

Read More

The majority of insurance companies aren’t transparency law compliant

Julie Campbell
Texas health Insurance companies

Texas has become unable to determine whether or not the plans are meeting the needs of consumers. Texas recently implemented a new regulation for health insurance companies that required them to have to submit reports to the state Department of Insurance in order to help to protect consumers against unfairly high medical bills, but many insurers have been ignoring this requirement, so far. At the same time, officials in the state haven’t done very much to help to improve compliance. Under the new regulations, insurance companies are supposed to be…

Read More

Flood insurance rates for non-primary homes to rise next year

Nordstrom
Flood homeowners Insurance Program

FEMA memo highlights an increase in insurance rates for non-primary homes Flood insurance rates on non-primary homes are set to rise by a significant margin next year. Policies for old, primary homes are expected to have their rates increase by an average of 15% after April 1, 2015, but non-primary homes could see rates spike by 37% on average, according to a recent memo from the Federal Emergency Management Agency (FEMA). The federal agency manages the National Flood Insurance Program, which is the only place many homeowners can find insurance…

Read More

Health insurance penalties are becoming more expensive in 2015

S.Vagus
health insurance cost medical

Penalties for those without insurance coverage are set to rise next year Those without health insurance in the United States could face higher penalties in 2015. Next year will be the first time that U.S. citizens will be required to report whether or not they have insurance coverage to the Internal Revenue Service. Those without insurance coverage will face fines, while those with coverage will avoid these fines. The uninsured could qualify for some 30 exemptions to these penalties, but most people are completely unaware of these exemptions. 3% of…

Read More

Judge orders insurance companies to submit records from Superstorm Sandy

Julie Campbell
hurricane sandy flood insurance news

The purpose is to help to determine whether or not damage reports had been edited by engineering contractors. An order has now been issued by U.S. Magistrate Judge Gary Brown to insurance companies that requires them to submit massive quantities of additional records related to the damage investigated following Superstorm Sandy, which could help to find out whether or not engineering contractors had edited the reports that they had made in order to inaccurately reduce the payouts that were issued to hundreds – or possibly thousands – of victims of…

Read More