Live Insurance News

Health insurance premiums to rise in state due to increasing medical costs

September 5, 2012September 4, 2012 Julie Campbell

Connecticut residents could be seeing increases in the double digits. Although the health insurance rates in Connecticut are on their way up, and the percentage by which they increase will likely be in the double digits, insurers are pointing out that it is not the Affordable Care Act that is behind this additional expense, but it is actually due to the rising cost of medical products and services. Insurers are seeing more expensive claims, which is driving coverage prices upward. One example of higher health insurance premiums will be for…

Health insurance rates for workers in New Mexico are on their way up

August 30, 2012April 30, 2013

Premiums may increase by as much as 15 percent for state government employees. Employees of the government of New Mexico may be facing health insurance premiums increases by as much as 15 percent as a result of rising medical care costs. This is the estimate made for those covered by the most popular plan. The increase will bring about an average annual rise of $133 for a single worker who makes $45,000. For family coverage for a worker who makes the same amount of money, the average annual increase will…

New Mexico employees to see rise in health insurance premiums

August 24, 2012August 23, 2012 S.Vagus

Governor proposes hike in health insurance premiums New Mexico workers may be seeing their health insurance premiums spike next year if a new proposal from Governor Susana Martinez wins favor with lawmakers. The proposal aims to increase the rates for worker’s health insurance plans by 15% in an effort to avoid the complete bankruptcy of the state’s health insurance fund. The fund is currently scheduled to run out of money in the next budget year, but higher premiums are expected to remedy the issue handily. State employees will see an…

Health insurance rates will experience a slight increase in Massachusetts

August 15, 2012August 14, 2012 H. Cutner

Though it will be a minor rise, it will still be greater than the quarter before. Individuals and small businesses who will have their health insurance policies renewed on October 1, 2012 should expect to see a base rate increase on their premiums of an average of 2.1 percent on Massachusetts policies. This is a much lower increase than the 5.5 percent the state added to its base rate in 2011. According to the data at the state Division of Insurance, though Massachusetts has been very effective in keeping its…

Health insurance rebates will help make coverage affordable

August 5, 2012April 30, 2013

The refund checks will help everyone to see lower premiums each year. More than $1 billion in health insurance rebates have been issued to consumers in order to allow insurers to comply with the regulations of the Affordable Care Act, and are now effectively making it less expensive for Americans to maintain coverage. This may also help to push premiums down in the future. According to the Center for Medicare Services acting director of the office of oversight, Teresa Miller, “Consumers who are not getting rebates are benefiting from the…