Live Insurance News

Health insurance premiums on the rise throughout the US

June 16, 2015June 13, 2015 Logan B.

Insurers are looking to increase premiums to recover from financial losses Insurance companies offering coverage through exchanges throughout the United States are looking to increase premiums in the coming year. This may not be a surprise, as industry experts and analysts have predicted significant growth in insurance premiums in the coming years. According to analysis from HealthPocket, however, rates are expected to grow by an average of 12% in 2016 for individual policies. Premiums enrolled in the most popular plans, such as Silver tier plans, could increase by as much…

Health insurance premiums continue to climb in the US

June 12, 2015June 11, 2015 S.Vagus

Insurance premiums are growing as medical care becomes more expensive Health insurance costs continue to grow throughout the United States and this is having an impact on premiums for many consumers that have purchased coverage through insurance exchanges. These exchanges were established through the Affordable Care Act and serve as a way for people to find less expensive policies than can be found through the private market. While this was initially true for many, the policies provided through exchanges are becoming more expensive with each passing year. Data suggests that…

Health insurance rates to rise in Kansas

May 28, 2015May 27, 2015 Logan B.

State agency announces that health insurance premiums will grow Health insurance premiums may be on the rise in Kansas. According to the Kansas Insurance Department, premiums for coverage in the private market, as well as for policies sold through the state’s insurance exchange, will increase in 2016. Several insurers have proposed rate increases, though a small number of these companies have actually planned to lower rates next year. Increasing rates could make it more difficult for consumers to afford their health insurance coverage. Insurers raising rates by 10% or more…

Auto insurance discounts are missed by 84 percent of US drivers

May 18, 2015May 16, 2015 Julie Campbell

A recent study has shown that only 16 percent of American motorists actually take advantage of all savings opportunities. A new report was recently released by insuranceQuotes.com and has shown that a large majority of consumers in the United States are not taking advantage of all of the potential auto insurance discounts for which they might qualify with their providers. The report showed that only 16 percent of drivers had actually asked their insurance company about discounts. Among the types of auto insurance discount that are common are marriage, low…

Long term care insurance premiums vary broadly, but are higher overall

February 24, 2015February 21, 2015 H. Cutner

Long Term Care Insurance Premiums on the Rise

The rates that are being paid for this coverage are dependent on a very large number of factors. A recently released industry report has shown that while the rates for long term care insurance have been rapidly on the rise, the premiums themselves vary broadly depending on a number of different factors that go into the calculations. The report showed that this year, the average rise for LTC insurance premiums was close to 9 percent. At the same time, even though the rates for long term care insurance have been…