Live Insurance News

Health insurance companies seek approval for merger in Florida

December 11, 2015December 10, 2015 S.Vagus

Large insurers intend to merge, but seek approval from Florida regulators Two of the largest health insurance companies in Florida are petitioning lawmakers to approve their merger. Aetna and Humana intend to join together, creating a larger insurance organization. The merger has generate some controversy, with consumer advocacy groups suggesting that the merger would lead to higher health insurance rates and fewer options for those that need coverage. These concerns have been shared by some lawmakers, who are convinced that the merger would be in the best interests of the…

Florida health insurance stats place the state as third among uninsured

November 17, 2015November 15, 2015 H. Cutner

Despite the efforts made to spread awareness of the Affordable Care Act, many remain without coverage. Five years ago, when the Affordable Care Act was first launched, the health insurance coverage rate in Florida was among the lowest in the country, and now that half a decade has passed, Florida’s rank among the uninsured states is still in third place. That said, despite the large uninsured rate in Florida in terms of health plans, the situation has improved. Now that the health care reform is starting to settle in and…

Health insurance premiums to see a modest rise in Florida

August 28, 2015August 27, 2015 S.Vagus

Florida regulators announce rate hikes for policies sold through exchange The Florida Office of Insurance Regulation has announced that it has approved an increase in health insurance premiums for coverage sold through the state’s exchange. Florida’s insurance exchange in managed by the federal government, and consumers looking for policies can find them through HealthCare.gov, the federal exchange network. The rate increases in Florida are more modest than what is being reported in other states and consumers are expected to experience a small increase in premiums for coverage in 2016. Premiums…

Supreme Court ruling secures health insurance for 1.3 million people in Florida

July 22, 2015July 21, 2015 Marc

Ruling from the Supreme Court has ensured that many consumers get to keep their coverage The recent ruling from the Supreme Court on the King v. Burwell case will have a beneficial impact on those with health insurance coverage in Florida. Some 1.3 million consumers will be able to keep their insurance coverage, supported by subsidies, due to the ruling from the Supreme Court. The King v. Burwell case had caused concerns among many that received subsidized coverage, as it called into question whether or not the federal government can…

Florida Senate approves ambitious health insurance plan

June 10, 2015June 8, 2015 S.Vagus

Florida Health Insurance Affordability Exchange has received approval from the Senate The Florida Senate has approved a health insurance plan that could expand insurance coverage to a greater number of people. The plan is called the Florida Health Insurance Affordability Exchange, and involves providing those without insurance, and the underinsured, with coverage if they qualify for the program’s services. The state’s Senate approved of the plan this week, but it still faces significant opposition as it moves on to the Florida House of Representatives. Changes to the plan ease the…