Insurance news could be rough for 250,000 people in Virginia

Insurance News Mobile virginia health plan

Many people may find that their health plans will be cancelled due to lack of compliance with federal regulations. After having been given a year in which to find coverage that will comply with the regulations of the Affordable Care Act (ACA), the insurance news is looking rocky for up to 250,000 people in Virginia who still have yet to obtain new health plans that will comply with the law. The affected policyholders were given the chance to renew their old plans late in 2014, but that was a temporary…

Read More

Health care reform regulations will send rebates to consumers in the Carolinas

health care reform rebate money

This year’s average refund will come to $92 per family as a result of the Affordable Care Act. The announcement has now been made that over $21 million in rebates from the health care reform will now be sent out to residents of the Carolinas, as insurance companies refund customers after having spent too many of their premium dollars on red tape and profits, as opposed to paying for actual claims, last year. This figure for the states was recently released by the U.S. Department of Health and Human services.…

Read More

Health care reform provision is helping consumer tremendously

Obamacare Health Care Reform News

Medical loss ratio provision is turning out to be a major boon for consumers One of the provisions of the Affordable Care Act is having a major financial impact on the country by providing better benefits to consumers. The Commonwealth Fund has released a new report that highlights the affect that this provision of the health care reform law is having. The report shows that consumers have received some $3.25 billion in benefits over the past two years. This due to the provision known as the medical loss ratio. Provision…

Read More

Health insurance exchange in Idaho beats its enrollment targets

Idaho health insurance

The state’s website has managed to sign up more residents than had been anticipated. The Idaho health insurance exchange has beat even its own targets throughout its first open enrollment period, after having managed to draw 76,061 residents of the state to sign up for their plans. This achievement was so great that it represents almost double the initial targets that the exchange had made. Ahead of the open enrollment period that lasted six months, the federal government had predicted that 40,000 people would enroll in health insurance on the…

Read More

Health care reform continues in Oregon as they toss the exchange

Oregon Health Insurance exchange

The state will now be getting rid of their website, which never stopped being riddled with problems. The board of the Cover Oregon exchange has now voted to make the next health care reform for the state by shutting down its problem filled enrollment website in order to hop aboard the federal government’s site, which has managed to iron out the vast majority of its own bugs and glitches. This state is one of several that attempted to run their own exchange and found it was an overwhelming struggle. While…

Read More

Obamacare enrollments continue through April for Oregon

Oregon Health Insurance technology

Those in the state who still have not obtained health insurance, there is still a small amount of time. Oregonians who have not yet complied with the Obamacare regulations by purchasing health insurance coverage will still have another month to buy their plans, due to the broad range of various technical problems that were experienced by users of Cover Oregon. While most of the rest of Americans had their deadline on Monday, the enrollments continue in Oregon. The federal government provided Oregon with the longest break when it came to…

Read More

Health care reform extensions continue for some Americans

health care reform extension

For most people, today is the last day to enroll in an insurance plan, but some have been granted more time. Today is the final official day to enroll in the insurance required by the individual mandate of the health care reform, but some Americans have been granted a little bit of extra time when they have previously been blocked by technical problems on the federal exchange website. A number of states that have their own exchanges have allowed for the same type of extension. Among the states that have…

Read More

Health insurance plans are being snatched up with the deadline looming

Health Insurance exchange marketplaces

The end of the 2014 open enrollment period for the health care reform is only just over a week away. The Obama administration announced earlier this week that over 5 million people have now enrolled for health insurance under the Affordable Care Act, which suggests that the number of people signing up has picked up speed as the deadline for this year rapidly approaches. In the first half of this month, alone, an estimated 800,000 people signed up for coverage on the exchanges. Officials released a blog post that provide…

Read More

Health insurance penalties could add up quickly for the uninsured

health insurance bills stress

Federal penalties may be more costly than people may realize The federal health insurance mandate has been in effect in the U.S. for nearly three months, but penalties for those without insurance coverage are not expected to be seen until after March 31. When the open enrollment period for insurance exchanges comes to a close, those without insurance coverage will become vulnerable to federal penalties. These penalties levy a 1% of annual household income fee or a flat rate of $95 based on yearly income. These penalties, however, may only…

Read More

Health insurance exchanges have yet to scoop up the uninsured

health insurance

Two surveys have revealed that Americans without coverage aren’t flocking to the marketplaces. With the end of open enrollment on March 31 drawing rapidly near, surveys are now revealing that the health insurance exchanges aren’t yet enrolling the number of uninsured Americans that would be necessary to consider the health care reform a roaring success. The first survey suggested that only 1 in 10 uninsured individuals have completed their private plan enrollment. Although these online health insurance marketplaces are now seeing consistent use, they are not drawing the number of…

Read More