Companies seek to participate in Kentucky’s health insurance exchange

Kentucky insurance exchange health insurers

Exchange’s success proves attractive to two insurance companies that are now seeking to participate in the digital marketplace Two new insurance companies have expressed interest in selling their policies through Kentucky’s health insurance exchange. The state-run exchange has provided policies to more than 421,000 people throughout the state during its first open enrollment period. The exchange will have another enrollment period later this year and insurance companies are eager to participate in the exchange in order to gain access to a growing consumer base that is looking for insurance coverage.…

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Health insurance costs in Missouri and Kansas are cut down thanks to tax credits

Flag of Kansas health insurance news

Tax credits lead to more affordable coverage for those in Missouri and Kansas Tax credits offered by the U.S. federal government are having a major impact on the cost of health insurance in Missouri and Kansas. These tax credits come from the Affordable Care Act, passed in 2010, and have helped make insurance coverage more accessible and less expensive. The credits are applied to policies that are sold through state-based insurance exchanges and are available to those that fall within a certain poverty level, as defined by the federal government.…

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US government to investigate health insurance subsidy abuse

health insurance news

Government regulators are looking to uncover potential fraud Hundreds of thousands of people throughout the U.S. are being contacted by the federal government. The government is questioning these people about their eligibility for the subsidies provided by the Affordable Care Act. According to the Obama administration, a large portion of those seeking coverage through health insurance exchanges may have provided misleading or false information concerning their incomes. This information does not match that which is stored with the Internal Revenue Service, which calls into question whether or not subsidies are…

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Insurers are flocking to Illinois health insurance exchange

Illinois Health Insurance Exchange

Eight companies seek to sell their policies on the state exchange Eight insurance companies are looking for approval to sell plans in the Illinois health insurance exchange. State officials note that there has been a surge in interest in the exchange coming from insurance companies. The exchange represents a competitive marketplace that is on its way to becoming one of the primary ways people find and purchase the coverage that they want. The new insurers looking to participate in the state’s exchange could bring some 504 new insurance plans to…

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Health insurance rates set to go up in Washington

Health insurance rates

Washington residents will be paying more for their insurance coverage in 2015 Health insurance in Washington may become more expensive next year. The Office of the Insurance Commissioner expects to see premiums grow by a modest degree in 2015, noting that those with coverage and those seeking coverage will be spending more money on their policies. Rates are expected to see modest growth in comparison to how much they had increased in the years leading up to federal health care reform. Insurance rates expected to increase by an average of…

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