Americans with a health insurance plan have half the risk of bankruptcy, study

Health insurance plan - Man with empty pockets - bankruptcy

New data from the American Bankruptcy Institute shows uninsured people are twice as likely to file. Just as data is being released saying that while most Americans now have a health insurance plan, many remain underinsured, another study’s results have indicated that coverage is still making a difference. The American Bankruptcy Institute has shown that the uninsured have twice the likelihood of filing bankruptcy compared to those with coverage. The research showed that covered individuals whose policy was interrupted were twice as likely to go bankrupt. In fact, the data…

Read More

Maryland to let residents complete health insurance enrollment on tax forms

Health insurance enrollment - Income Tax - Filing Taxes

Governor Larry Hogan signed the first measure in the country to provide this opportunity. Maryland has become the first state in the country to make it possible for residents to complete a health insurance enrollment at the same time that they file their taxes. The governor signed the bill on Monday, making it possible for tax forms to double as insurance applications. The new bill lets residents use their tax forms for the opportunity to complete their health insurance enrollment as well. When Governor Hogan signed the bill, it made…

Read More

Alexandria Ocasio-Cortez pays less for health insurance now than as a waitress

Alexandria Ocasio-Cortez

The youngest congresswoman in US history says she paid far more for coverage as a server. Alexandria Ocasio-Cortez has become the youngest woman to ever be elected to Congress. A year ago, she had been working as a waitress. At that time, she says she was paying twice as much for health insurance as she is as a congresswoman. Ocasio-Cortez now represents New York’s 14th district in Congress. Congresswoman Alexandria Ocasio-Cortez has been transparent about the transition she has experienced over the last few months. For instance, she has live…

Read More

More kids don’t have Utah health insurance in significant trend shift

Utah health insurance - Children

The number of uninsured children in the state spiked 20 percent over the last year. Utah health insurance is covered one fifth fewer children last year than it did the year before. This spike of 20 percent in uninsured kids is a part of a nationwide reversal of the improvements seen over previous years, says a new report. Kids had been seeing an increase in their health insurance coverage every year for nearly a decade. That positive coverage trend has now changed directions when it comes to Utah health insurance…

Read More

Number of people with California health insurance to fall over next half decade

California health insurance - Heart monitor

The falling uninsured rates trend in the state is expected to make a U-turn due to ACA changes. Up to 800,000 fewer people will have a California health insurance plan in 2023, according to recent research estimates. Changes made to the Affordable Care Act have reduced the incentive to purchase coverage. This will reverse an improvement trend in coverage rates that has extended over many years. The Affordable Care Act had been steadily reducing the number of uninsured Californians. Recent changes to official policy would remove the Affordable Care Act’s…

Read More

Covered California health insurance exchange open enrollment begins

covered care open enrollment

This week marked the start of the registration period for people to buy health plans for 2019. Covered California has opened its doors for selling health insurance to state residents who don’t receive benefits through the government or their employers. The insurance exchange is now selling plans for 2019 coverage. The state-run insurance marketplace gives Californians up until December 15 to enroll. Consumers who purchase their plans through Covered California by December 15 will have their coverage in place as of January 1, 2019. That said, there is a second…

Read More

Individual mandate repeal causes health insurance gap in many states

Health Insurance Gap - Mind the Gap platform

Several states are now scrambling to come up with a way to make coverage more affordable. After the individual mandate penalties were removed for failing to purchase coverage, a health insurance gap has formed in many states across the country. This has left some states struggling to make their health care affordable. As people drop their coverage health care in the states will become increasingly expensive. The only state in the country that required coverage after last year’s dismantling of the Affordable Care Act was Massachusetts. Increasingly unfavorable markets caused…

Read More