Live Insurance News

Health insurance rates are on the rise in Ohio

June 10, 2013June 8, 2013 H. Cutner

Residents of the state are projected to see higher bills every month to continue their coverage. According to the latest analysis from the Ohio Department of Insurance, the residents of the state will likely have to pay more money than they currently are for their health insurance coverage once the exchange goes into place. In fact, in some cases, the costs could be significantly higher, depending on the coverage selected. This could mean that people who choose to buy their health insurance through the state run online marketplace could find…

Health insurance rates will rise for some in Massachusetts

May 13, 2013May 25, 2013 G. Turner

The cost of the coverage will be rising by an estimated 2.5 percent, on average, this summer. Policies that are purchased or renewed by individuals and small businesses, as of July 1, in Massachusetts, will be facing an increase in their health insurance rates at an average of 2.5 percent. This is a lower increase than the rate hike that was seen for the policies renewing in the current quarter. The increase that was experienced by health insurance policyholders who renewed or purchased during the current quarter had been an…

Health insurance premiums are a motivator to live healthier

May 11, 2013May 25, 2013 Julie Campbell

A recent study has shown that coverage costs can encourage people to exercise more and get fit. There was a great deal of controversy that arose when a health insurance company first started charging higher rates for individuals who were obese, but whether or not it is deemed appropriate or fair, a recent study has shown that it can give people the motivation they need to bring their weight down to healthier levels. When policyholders were given the choice to lose weight or pay more, they quickly started dieting. According…

Health insurance rates increases of extreme levels may be premature

May 9, 2013May 7, 2013 G. Turner

Consumers are cautioned not to take estimates of hikes in premiums seriously, just yet. As the health insurance marketplaces are just being established and the very first estimates are starting to be released regarding the impact of these exchanges on the cost of the coverage, experts and officials are cautioning consumers not to take the numbers at face value, just yet. There are many different factors to consider, and they have not yet all been applied to the estimates. For example, in April, Maryland released the premiums that would be…

Health insurance may represent a tax risk for consumers

April 12, 2013April 30, 2013

Tax risks regarding health insurance begin to attract notice As the Affordable Care Act inches closer to becoming fully enacted, there is no shortage of worry that the federal health care law is generating throughout the country. As insurers warn that health insurance coverage will become more expensive next year and states continue to battle the Affordable Care Act on general principle, the law’s provisions are beginning to show the possibility that they could expose many consumers throughout the country to significant tax risks. Federal law offers subsidies for health…