State commissioner sends a warning to the insurance industry

seattle washington health insurance rates industry

Insurers practicing price optimization could be running afoul of state law Washington Insurance Commissioner Mike Kreidler has issued a warning to insurance companies concerning using the personal data of customers to price coverage. In a “Technical Assistance Advisory” notice sent to property and casualty insurers operating in the state, the commissioner suggested that the practice of “price optimization” is illegal throughout Washington. Price optimization is the process of using non-insurance data, as well as other information, in order to affect the cost of insurance coverage. Price optimization may be having…

Read More

Health insurance is now more accessible in Washington than ever before

seattle washington health insurance rates industry

Affordable Care Act has been a major success in Washington Health care reform may have been a major success in Washington, according to the state’s Insurance Commissioner, Mike Kreidler. This week, Keridler spoke to a Congressional subcommittee, highlighting the benefits that the Affordable Care Act has brought to his state. Most notable among these benefits is the impact that the law has had on the uninsured population. According to Kreidler, Washington now has the lowest rate of uninsured people it has seen since 1987. State’s uninsured population drops to 8.5%…

Read More

Special health insurance enrollment period launched in Washington

washington health insurance exchange

Insurance Commissioner launches special enrollment period for some consumers in Washington Following several months of consumer complaints regarding Washington’s health insurance exchange, Insurance Commissioner Mike Kreidler is taking action on the matter. The state’s exchange has been crippled for some time by technical problems and billing issues that have left many consumers without insurance coverage. Some of the exchange’s problems have been resolved, and Commissioner Kreidler has launched a special enrollment period in order to ensure that some consumers have adequate access to the health insurance services that they need.…

Read More

Washington health insurance exchange battles severe issues

Health Insurance exchange marketplaces

More than 6,000 people are reporting significant problems with the state’s insurance exchange Washington’s health insurance exchange continues to suffer from problems that are making it difficult for consumers to use their coverage. Some 6,000 people have reported issues in using their insurance coverage due to glitches in the exchange’s new program. This program was introduced in order to overcome some of the problems the exchange had experienced during its initial few months of operation, but the program has created new problems that may be difficult to solve. Insurance Commissioner…

Read More

Washington targets discrimination in the health insurance field

washington health insurance exchange

Insurance Commissioner Kreidler sends letter to insurers reminding them of the state’s laws Gender identity is often a controversial issue, especially when it comes to insurance coverage and health care. In Washington, Insurance Commissioner Mike Kreidler is looking to dispel some confusion surrounding this issue. The commissioner has sent a letter to the state’s health insurance companies, reminding these companies that there are laws in place that bar discrimination based on a person’s particular gender identity. In some cases, insurers have run afoul of these laws, denying coverage to some…

Read More

Commissioner rejects 5 health insurance companies from Washington exchange

washington health insurance exchange

Health insurance companies rejected by Commissioner Kreidler Washington’s Insurance Commissioner, Mike Kreidler, has rejected 5 insurers from the state’s health insurance exchange. The move has received some criticism from consumers and advocacy groups in the state, spurring the Commissioner to make a statement concerning his decision. According to Kreidler, there were substantial problems with the plans being offered by the insurance companies and these problems could not be effectively resolved. The state’s health insurance exchange currently boasts of 31 plans offered by four insurers. Many plans lacked network coverage One…

Read More

Aetna faced with fine from Washington regulators

aetna faces insurance fine

Aetna facing $1 million fine for faulty policies Insurance giant Aetna has run afoul of regulators in Washington. Insurance Commissioner Mike Kreidler has announced that Aetna has been fined $1 million for issuing more than 7,000 policies in the state to residents that faced premiums¬† that were never approved by state regulators. Regulators suggest that many of these policies did not live up to the state’s legal requirements, thus were never official and introduced significant risk to consumers that held these policies as well as major financial stress. Policies do…

Read More