Insurance company liquidation will leave thousands without coverage

Hawaii Health insurance company

Many Hawaii residents will lose their health plans following the liquidation order of a local provider. A court order has now sent a Hawaii insurance company called Family Health Hawaii (FHH) into liquidation which means that thousands of people who’d had plans through that provider will be losing their coverage. The court order was signed by First Circuit Court Judge Karen Nakasone, authorizing Insurance Commissioner Gordon to take over. Commissioner Gordon will be taking both control and possession over the insurance company and its assets, becoming the liquidator. He will…

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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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Health care reform continues for states with insurance exchange disasters

health care reform

The government has just expanded its assistance for purchasing insurance to provide Americans with more help. The deadline is now less than a month away, and as Americans scramble to make their last minute insurance purchases in order to comply with the health care reform, the Obama administration has bent a few of the rules to help to ensure that people won’t be left without coverage due to struggles with some of the state run exchanges. Residents of states where the insurance exchanges have never been made to work properly…

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Hawaii health insurance companies win approval for higher rates

Hawaii Health insurance company

Cancelled policies become more expensive in Hawaii Hawaii health insurance officials have approved rate increase proposals from some of the state’s largest insurance providers. The state’s Insurance Division has been investigating rate increase proposals to determine whether they are necessary or not and has seen a need for higher rates as insurers continue to juggle several financial issues. The new rates are primarily for insurance plans that were set to be cancelled due to the provisions of the Affordable Care Act. Several insurers have moved to continue honoring these policies,…

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Hawaii sets minimum health insurance benefits for exchange program

Hawaii Health insurance company

Hawaii Governor announces minimum health insurance benefits Insurance news from Hawaii may be welcome for residents awaiting affordable health insurance. The state government has determined the minimum insurance benefits consumers will receive through a state-run health insurance exchange. The announcement was made by Governor Neil Abercrombie early this week. In choosing the minimum health insurance benefits consumers will receive through new policies, Hawaii moves one step closer to compliance with the Affordable Care Act and establishment of a comprehensive health insurance exchange system. States have opportunity to determine minimum level…

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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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Health insurance exchange to take root in Hawaii

Governor Neil Abercrombie

Gov. Abercrombie declares intent to build exchange Hawaii Governor Neil Abercrombie has announced that the state will have a functioning health insurance exchange despite the fate of the Affordable Care Act. The health care reform law has been awaiting judgment from the U.S. Supreme Court for over a month. The law was brought before the Court by several states that have questioned its compliance with the country’s Constitution. According to the law, each state must establish its own health insurance exchange, a provision that Hawaii seems to be committed to…

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