Live Insurance News

Health insurance companies are withdrawing from many U.S. markets

May 18, 2016May 16, 2016 G. Turner

health insurance company online exchange

A number of insurers have been stepping out of a number of areas they have deemed to be unprofitable. The Affordable Care Act may be experiencing a shift in the health insurance companies that are continuing to participate in some marketplaces next year, particularly when it comes to those selling plans in rural areas. This may leave the residents of certain areas with health plan options from a single insurance company in 2017. According to state regulators, the online insurance exchanges that are central to the ACA in Alaska and…

Health insurance company put under state supervision in Alaska

February 4, 2016February 3, 2016 Nordstrom

Alaskan regulators place Moda Health Plan under supervision due to financial concerns The Alaska Division of Insurance has announced that Moda Health Plan, a health insurance company based in Oregon, will no longer be offering policies in the state. Regulators cite concerns regarding the insurer’s financial situation. Moda will not be accepting new customers or renewals for the time being and regulators will continue to evaluate the issue. In its home state of Oregon, Moda was placed under supervision by the state due to financial issues, which influenced the decision…

Alaska health insurance regulators hope to assuage fears following Moda’s exit

February 2, 2016January 31, 2016 Julie Campbell

These officials are working with lawmakers, the governor’s office and others to draw a new insurer. Regulators for the Alaska health insurance industry have said that they will be working with the congressional delegation in the state, in addition to the state’s lawmakers and the governor’s office. Their goal is to make sure health insurance companies see the appeal of returning to the state. This action from the Alaska health insurance regulators has arrived on the heels of an announcement that Moda Health Plan has been suspended from being able…

Alaska’s health marketplace loses 3 insurance companies

June 24, 2015June 23, 2015 Julie Campbell

Three insurers have now announced that they will no longer be selling individual plans in the state. Yet another insurer has now announced that it will be leaving the individual health plan marketplace in Alaska, which has brought the number of insurance companies that will be leaving the state up to three over the last couple of months, alone. This will cause over 5,000 Alaskans to have to seek out a new provider for their health care policies. The three insurance companies that have given their notice during the last…

Health insurance rates on the rise in Alaska

October 8, 2014October 6, 2014 Nordstrom

Insurance coverage though the Alaska exchange will be more costly next year Next month, open enrollment for all U.S. health insurance exchange will begin. Those looking for insurance policies will be able to visit their state’s exchange to find the products that they are interested in. Some of these exchanges offer inexpensive coverage that come with a variety of benefits. In some states, the policies sold through exchanges are becoming more expensive. This is the case in Alaska, where two of the state’s largest insurers are raising rates for the…