Live Insurance News

Health insurance to be offered to Costco members by Aetna

January 29, 2013January 28, 2013 H. Cutner

The insurer has now unveiled a new program for individual coverage in California. Aetna has just announced the unveiling of a new health insurance program in California through which they will be offering individual plans to members of Costco. This program is geared toward meeting the needs of Costco members in an affordable way. The coverage is called the Costco Personal Health Insurance program. It includes five different types of plans, which are broad major medical benefits, a number of assistance services, a large provider and hospital network, dental options,…

Aetna faced with fine from Washington regulators

December 31, 2012December 31, 2012 S.Vagus

Aetna facing $1 million fine for faulty policies Insurance giant Aetna has run afoul of regulators in Washington. Insurance Commissioner Mike Kreidler has announced that Aetna has been fined $1 million for issuing more than 7,000 policies in the state to residents that faced premiums that were never approved by state regulators. Regulators suggest that many of these policies did not live up to the state’s legal requirements, thus were never official and introduced significant risk to consumers that held these policies as well as major financial stress. Policies do…

Aetna predicts major rate increases in 2014

December 21, 2012December 21, 2012 Marc

Aetna CEO forecasts future of rates for health insurance consumers Health insurance continues to be a hot topic in the U.S., especially as 2014 approaches bearing the full weight of the Affordable Care Act. Last week, Aetna, the third largest health insurance provider in the U.S., held its annual investor conference in New York. During the conference, Aetna executives provided a wealth of information to the company’s investors concerning the insurance providers future plans and how it will adapt to the changing insurance landscape. Aetna CEO Mark Bertolini offered a…

Texas health insurance company boosts diabetes programs

September 15, 2012September 15, 2012 Julie Campbell

Aetna is now selling two programs geared specifically toward tackling the disease in that state. Texas health insurance and the medical system as a whole is in a virtual crisis due to the number of people in its population that have diabetes, and Aetna is hoping to help to overcome that by offering two new programs geared specifically toward this disease. The state has over 1.7 million adults who are living with diabetes at the moment. Research has indicated that this is a whopping 12 percent greater than the national…

Health insurance companies find significant potential in Medicaid

August 28, 2012April 30, 2013

Large insurers are buying out smaller ones that are better prepared to serve the elderly and poor. The largest health insurance companies in the country have been absorbing much smaller ones by the dozen as they prepare for the influx of customers through one of the latest healthcare changes by the government that will allow them to manage the coverage needs for the elderly, poor, and unwell across the country. So far, approximately 15 states are in the midst of creating their programs for this coverage. These states are each…