Exchange’s success proves attractive to two insurance companies that are now seeking to participate in the digital marketplace Two new insurance companies have expressed interest in selling their policies through Kentucky’s health insurance exchange. The state-run exchange has provided policies to more than 421,000 people throughout the state during its first open enrollment period. The exchange will have another enrollment period later this year and insurance companies are eager to participate in the exchange in order to gain access to a growing consumer base that is looking for insurance coverage.…
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Health insurance plans in Kentucky move forward
Kentucky establishes new agency to manage health insurance exchange While many states throughout the U.S. have decided to abandon their efforts concerning a health insurance exchange, Kentucky is one of the few that has decided to build and operate its own. State officials chose for the state to run its own exchange in the hopes that it will better address some of the health insurance concerns that are specific to Kentucky residents. State officials have now formed the Office of the Kentucky Health Benefits Exchange, a new agency that will…
Read MoreHealth insurance cease order goes into effect in Kentucky
Christians only plan is no longer allowed to continue and members must find coverage elsewhere. The members of a health insurance plan for Christians only have officially lost their coverage as of November 1, as a Kentucky judge’s order to cease operations has gone into effect. According to the judge, the program does not meet the state’s regulations for coverage. Thomas Wingate, a Franklin County Circuit Judge, ruled that Medi-Share does not meet the basic health insurance coverage regulations of the Department of Insurance, and that it will, therefore, not…
Read MoreChristian cost sharing health plan forced to cease operations
The Kentucky Medi-Share coverage has been put to a halt by the state. The Department of Insurance in Kentucky has advised the members of Medi-Share, a Christians only cost sharing health plan, that this coverage has been ordered to cease its operations within the state, and that if they wish to continue their coverage, then they will need to seek policies from other insurers. This announcement came following the ruling of Thomas Wingate, a Franklin County Circuit Judge. That ruling was made earlier in October, and stated that as the…
Read MoreNebraska health insurance debate underway
Tuesday marked the beginning of debates in Nebraska regarding a bill that would ban private insurers from cover the cost of abortions unless customers purchased a separate policy. One of the provisions of the bill would limit insurance coverage of abortions that would have been covered from policies offered by insurance exchange programs. The bill was introduced by Senator Beau McCoy and lawmakers will be debating the proposal for some time. Though abortions would be permitted to preserve the life of the mother, no exceptions are made for instances of…
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