Live Insurance News

California health insurance exchange for small businesses taken down

February 17, 2014February 15, 2014 G. Turner

The SHOP marketplace in the state is now no longer available for businesses shopping for coverage. The most populous state in the country has now decided to take down the California health insurance exchange that was meant for small businesses, likely only temporarily, only four months after it had opened its doors in the first place. This could be seen as yet another blow to the health care reform law for keeping costs down for employers. Officials in the state revealed that they would be suspending enrollments occurring online through…

California faces a new problem with health care reform

January 31, 2014January 29, 2014 Logan B.

New health insurance issue erupts in California A new health insurance problem has emerged in California and several hundred consumers have already been affected by it. Late last year, many people throughout the state received notifications from their insurance provider informing them that their coverage would be canceled due to the health care reform law. Many of those with cancelled policies went to the state’s insurance exchange in order to find new coverage. In most cases, consumers were able to find less expensive coverage with better benefits, but now many…

California health insurance premiums set to spike under Affordable Care Act

June 8, 2013June 4, 2013 Logan B.

Covered California data paints different picture for health insurance costs A great deal of confusion has begun to surround the effect the Affordable Care Act will have on health insurance rates in California. Recently, state officials reported that the federal law would lead to a much lower than expected increase in health insurance premiums. These reports were based on information provided by Covered California, the state’s health insurance exchange. The information provided by the exchange does, however, offer a different outlook on the issue that state officials may have overlooked.…

Health insurance proposal could make coverage more expensive in California

February 27, 2013February 26, 2013 Logan B.

New proposal could make health insurance premiums spike A new proposal facing the California Legislature could split the state into six new financial regions that could have a profound impact on the cost of health insurance throughout the state. While state lawmakers have been working to make insurance coverage more affordable, the proposal may derail these efforts by making coverage considerably more costly for many consumers, according to the state’s Department of Insurance. Insurance Commissioner Dave Jones warns that introducing these new zones could make coverage nearly unattainable for a…

Health insurance exchange in California now under construction

January 24, 2013April 30, 2013

The Golden State is now working on the first of the marketplaces in the country. An industry expert in California has said that it will be interesting to watch how the state works on developing the first health insurance exchange in the country and then implements it for use by its residents and small businesses. California has now received its federal government funding in order to implement the marketplace. In fact, the state is now the recipient of $674 million federal dollars for the implementation of its health insurance exchange.…

Covered California wins additional funding from federal government

January 22, 2013January 22, 2013 Nordstrom

Covered California receives $674 million grant The California health insurance exchange, which is called Covered California, has been awarded an additional $674 million in funds from the federal government. The funds will help with the development and launch of Covered California, as well as power the marketing campaign that will promote the health insurance exchange. The funds will be issued to the state over the next two years, with part of this grant to be used after Covered California officially begins operation in 2014. Funds to be used to market…

Covered California exchange program set in stone

November 17, 2012November 17, 2012 Nordstrom

Covered California plan approved by governing board The board that is meant to govern California’s efforts to build its own health insurance exchange have approved the operational plans for the program. This is a major step towards the state running its own health insurance exchange program and complying with federal deadlines. The California Health Benefit Exchange board, which has changed the name of the exchange program to Covered California, has sent its approval for the operational plans to the Governor’s Office, which is expected to forward these plans to the…