Hawaii’s largest insurers pulls out of health insurance exchange

Hawaii long term care insurance industry

The Hawaii Medical Services Association is abandoning the state’s insurance exchange Hawaii’s largest insurance company has pulled out of the state’s health insurance exchange, Hawaii Health Connector. The insurer, the Hawaii Medical Service Association, opted to pull its small business plans from the exchange late last week. Next year, agents working with small businesses will have only one insurer to work with through the exchange: Kaiser Permanente. The decision is not expected to affect individual health insurance plans in any way and many of the states insurers do not have…

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Insurance company withdraws from Hawaii health exchange

Hawaii Health insurance company

The largest provider in the state has now announced that it is pulling out of the troubled marketplace. The struggling Hawaii Health Connector has now experienced yet another setback, as the largest insurance company in the state has revealed that it will not be remaining within the exchange for individuals or small businesses. The Hawaii Medical Service Association (HMSA) will not be offering its plans to consumers for 2015 coverage. The insurance company announced that it has decided to cut off the small business plans that were going to be…

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Health care reform may take a step backward in Hawaii

Hawaii Health insurance company

The largest insurance company in the state is calling for the closure of the troubled exchange. The CEO of the largest health insurance company in Hawaii has now stated that he feels that the state’s exchange – a central part of the health care reform – should simply be shut down as it is too troubled to be worth its while. The website was created in order to provide residents with the ability to compare and shop for policies. This was one of the states that had decided to operate…

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Health insurance exchange in Hawaii receives millions in federal money

Health insurance plan

The Hawaii Health Connector has received the grant from the Department of Health and Human Services. The Hawaii Health Connector, which is the name of that state’s health insurance exchange, has just received a grant of $61.8 million from the Department of Health and Human Services, in order to create, develop, and implement that marketplace. Hawaii was the first among all fifty states to announce that it would be creating its own exchange. The state’s Congressional delegation, with Senator Daniel Inouye at the helm, has been heading the national effort…

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Federal government to give Hawaii over $14 million for its insurance exchange development

Hawaii will be receiving, $14,440,144 from the federal government in order to assist with the development and implementation of the Hawaii Health Connector, which is the state’s online insurance exchange. The exchange is meant to provide consumers with the ability to find healthcare plans that they can afford. The announcement of the upcoming funding was made by Senator Daniel K. Akaka, Senator Daniel K. Inouye, Representative Colleen Hanabusa, and Representative Mazie K. Hirono. The U.S. Department of Health and Human Services will be providing the funding to the state through…

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