New Jersey will not stop selling OMNIA health insurance plans

Health insurance plan

Acting Insurance Commissioner refuses to stop selling OMNIA plans New Jersey’s acting Insurance Commissioner, Richard Badolato, has refused to halt the sale of OMNIA health insurance plans coming from Horizon Blue Cross Blue Shield of New Jersey. Badolato suggests that stopping the sale of these policies would “immediately trigger chaos” in the state’s health insurance market. Earlier this month, 11 hospital systems requested that OMNIA plans no longer be allowed to be sold in the state, but New Jersey officials believe that this would be the wrong move. Consumers are…

Read More

Affordable Care Act could struggle due to insurance policy cancellations

affordable care act

Some customers have decided that they can’t afford subsidized coverage and are letting it expire. The new open health insurance enrollment period will be beginning under the Affordable Care Act on November 1, and while this means that campaigns are soon going to launch in full force to encourage the remaining 10.5 million eligible uninsured people to purchase coverage, dropouts are working against that effort. The insurance exchanges are now needing to focus on keeping their current customers as well as attracting new ones. This is a new trend since…

Read More

Removal of the individual mandate would take health insurance coverage away from consumers

us health insurance reform

Individual mandate has ensured that consumers have insurance coverage The Affordable Care Act continues to be a source of controversy, especially because it requires all U.S. citizens to have health insurance coverage. This provision is called the individual mandate and it has placed some consumers under significant financial pressure. While all citizens must have insurance coverage, many also receive financial aid from the federal government, which helps cover the cost of health insurance policies purchased through exchanges that were established through the Affordable Care Act. Removing the individual mandate may…

Read More

Sam’s Club to launch its own health insurance exchange

health insurance enrollment

Retailer has announced plans to launch a private insurance exchange for small businesses Next month, open enrollment for U.S. health insurance exchanges will begin, granting consumers throughout the country new access to relatively inexpensive, yet comprehensive policies once again. Sam’s Club, a prominent retailer in the U.S., has announced that it is entering into the insurance market by launching its own exchange. The company’s exchange will have a focus on small businesses, which accounts for the majority of the retailer’s market. Through the private exchange, small business owners may be…

Read More

Health insurance mid-year financial checkups on their way

health insurance cost medical

Individuals who purchased their plans from the official exchanges might want to look into their tax credits. Among the primary draws of purchasing health insurance through the state and federal exchanges was the opportunity to take advantage of the premium tax credit, but it is important for consumers to make sure that they continue to qualify for this advantage. Eligibility criteria could have changed since the time at which the health plan was first purchased. The health insurance tax credit was put into place to make sure that people with…

Read More

Health insurance companies in Louisiana seek rate increases for 2015

insurance rates rise

Insurers are looking to raise rates for their coverage beginning in 2015 Some health insurance providers in Louisiana have submitted rate increase proposals that have raised red flags among the state’s regulators. The rate increases are for policies that will be sold through the state’s exchange in 2015. Consumers will be able to purchase these policies beginning on November 15, when the exchanges latest open enrollment period is scheduled to begin. The rate increase proposals coming from insurers are to be reviewed by the state’s insurance regulators. Blue Cross and…

Read More

Health care reform in Massachusetts brings uninsured rate to nearly zero

Massachusetts Health Care

The latest statistics from the state have revealed that nearly all of its residents now have insurance. Among the latest insurance news headlines to come from Massachusetts is the recent publication of statistics that have shown that following the health care reform, the number of residents in the state who are uninsured has dropped to nearly zero. This is the closest that a state has ever come to making sure that all of its residents have health insurance. Massachusetts already had a bit of a head start when it came…

Read More