Live Insurance News

Insurance news of fines isn’t great for the wealthy

July 28, 2014July 26, 2014 Julie Campbell

Americans in higher tax brackets could find themselves paying a penalty almost $2,500 for being uninsured. The IRS has released an insurance news statement that indicated that the penalty that will be paid by individuals who have failed to comply with the individual mandate of the heath care reform and who have not purchased coverage will be up to $2,448. At the same time, there could be a fine of up to $12,240 for uninsured families with five or more members. The same penalty will not apply to everyone. It…

Health care reforms appears to be creating happy customers

July 15, 2014July 12, 2014 Julie Campbell

A new survey has shown that people who are newly covered by medical insurance seem pleased. According to the results of a Commonwealth Fund survey, the expansion of insurance coverage as a result of the health care reform are starting to produce some rather pleased and satisfied customers. They survey also determined that there are a notably larger number of people with coverage in the country. The research group’s survey showed that among adults who are younger than the age of 65 years, an estimated 15 percent are currently uninsured.…

Health insurance Supreme Court ruling leaves Hillary Clinton “bewildered and confused”

July 7, 2014July 7, 2014 Julie Campbell

Hillary Clinton health insurance industry

Employers with religious objections are now better able to seek exemption for birth control coverage on employee plans. Hillary Clinton has expressed that she feels “very bewildered and confused” regarding the ruling that was made by the supreme court that will allow companies that have religious objections to providing their workers with birth control coverage on their health insurance plans to find it easier to avoid offering them. Only days after the Hobby Lobby was issued, the court ruled in favor of allowing for-profit employers to seek exemption. The top…

Health insurance for same sex couples in Indiana causing confusion

June 30, 2014June 28, 2014 G. Turner

Since a judge struck down the unconstitutional ban on gay marriage on Wednesday, hundreds have been married. While those hundreds of new same sex couples have been legally married in Indiana, they still face some confusion regarding health insurance benefits, as the state continues to await the decision regarding Attorney General Greg Zoeller’s filing for a stay. Until that decision is made these newlyweds don’t know whether their health benefits cover each other. At the moment, there does not appear to be any clear answer to whether or not the…

Illinois launches new initiative to promote health insurance

March 5, 2014March 3, 2014 S.Vagus

State aims to encourage enrollment into its insurance exchange As the open enrollment period for state and federal exchanges in the U.S. approaches its end, many states are now making concerted efforts to boost enrollment rates in these exchanges. Per the Affordable Care Act, the open enrollment period is set to end on March 31. After this time, consumers will no longer be able to apply for health insurance coverage through exchanges until a new open enrollment period begins. New initiative aims to help inform consumers about the services available…