Live Insurance News

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…

Health insurance may include acupuncture treatments in some states

October 16, 2012April 30, 2013

California and Maryland will include this coverage in its individual and small group plans. When the Patient Protection and Affordable Care Act goes into full effect in January 2014, residents of California and Maryland will be able to purchase new health insurance policies that can include acupuncture treatments. This coverage will be available to small group and individual plans at the online exchanges. The announcement in Maryland came from Lt. Governor Anthony Brown in that state. He had recently been in Annapolis, where he was presiding over the state’s Health…