More are gaining health insurance in Indiana

obamacare health insurance agent business

Number of uninsured people in Indiana is dropping quickly A growing number of people are gaining health insurance coverage in Indiana. This year, Governor Mike Pence expanded the state’s Medicaid program. Through this expansion, a greater demographic of people are eligible for coverage through the program. Governor Pence decided to take a different approach to expanding the Medicaid program than what was outlined through the Affordable Care Act. Pence believes that his approach will make the state’s Medicaid program more accommodating of the needs of consumers. Indiana University Health finds…

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More health care reform headed to Indiana

Indiana insurance industry

Individuals in the state who purchase plans from the exchange will see different offerings and prices next year. People living in Indiana who use the federal exchange to purchase their plans will be seeing a new round of health care reform that will bring changes to the plan offerings and the prices that will be available next year. Insurance companies in the state have been filing for a broad range of changes with potential advantages. The filings that have been made with the Indiana Department of insurance have already been…

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Health insurance for same sex couples in Indiana causing confusion

same sex gay marriage health insurance

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…

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Health insurance trust formed in Indiana

Indiana insurance industry

Access to federal exchange has been restricted Federal health insurance exchanges in the U.S. were meant to offer coverage options for small groups and businesses, but this feature of the exchange initiative has been put on hold until 2015, at the earliest. The decision to postpone this aspect of federal exchanges is meant to provide the exchange network with more time to iron out the multitude of technical problems it has been having over the past month. The problem, however, is that this means many small groups and businesses that…

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Health insurance law causes Indiana school districts to slash worker hours

Indiana insurance industry

A growing number have cut back on part time employee hours before requirements are implemented. A number of school districts in Indiana have revealed that they are slashing back the hours of part time employees such as cafeteria workers and assistants because they state that they would not be able to afford to provide those individuals with health insurance. The federal healthcare reforms requires all workers over 30 hours per week to be covered by an employer’s plan. Many school districts across the state have chosen to bring the hours…

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Indiana Health insurance may change the way smoking is factored into rates

Health Insurance for Smokers

Employers may be required to charge higher rates for plans covering smokers. Some employers in Indiana have already made the choice to charge higher rates for health insurance plans covering employees who smoke, but labor leaders are cautioning that this could lead to a trend where there is legislation against a larger number of health habits. The debate could impact the way that group rates are calculated within the state. The statewide ban on smoking has been into effect for several months, but there is now a hope among some…

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HHS rejects Indiana request for medical loss ratio waiver

Indiana has finally received a response from the federal government regarding the state’s request for a waiver from the Affordable Care Act’s medical loss ratio provision. The provision requires insurance companies to pay at least 80% of the money they collect from premiums on improving medical care. Indiana had sought an exemption from the rule, claiming that it served as a detriment to the state’s insurance companies. The Department of Health and Human Services, however, has rejected the state’s request for a waiver. The state may have failed to obtain…

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Indiana’s request for exemption from the medical loss ratio rule is denied

Earlier in the year, Indiana’s Department of Insurance submitted an official request to the federal government seeking to free the state’s insurance companies from the medical loss ratio requirement of the Affordable Care Act. The health care law dictates that all insurers should spend no less than 80% of the money they collect on premiums on improving medical care. According to the law, if companies fail to meet the requirement, they must return the money to consumers. Indiana’s request for an exemption from the rule has been denied by the…

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Workers at Indiana University to pay more for health insurance next year

Employees at the Indiana University can expect to start paying more for their health insurance next year. According to Neil Theobald, vice presidents and chief financial officer of the university, the school is unable to keep up with the pace at which insurance rates are being increased. The university is unwilling to cut health care benefits for its staff, so has introduced a new initiative that has earned some controversy. Next year, the cost of health insurance for university employees will be based upon how much they earn, as well…

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Indiana to lose five different health insurers

Five individual health insurance companies, including two of the largest in the country, have chosen to stop selling their policies in Indiana, leading the Indiana Department of Insurance to ask that certain elements of the reform law of 2010 be phased in. The third and fifth largest health insurance companies in the United States, Aetna Inc., from Hartford, and Cigna Corp., from Philadelphia, have decided that they will no longer be taking part in the market for individual health insurance in Indiana. Moreover, American Community Mutual Insurance Co., from Michigan,…

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