Kentucky insurance exchange offers only one option for many health plan shoppers

kentucky insurance exchange

Residents of several of the state’s counties will have only one coverage option to choose next year. The Kentucky insurance exchange will continue to have health plan options for consumers across the state. That said, residents of some counties will have only one coverage option to buy. The recently released county level map of the state illustrated the 2018 health insurance company participation. That said, despite the fact that some people have exceptionally limited options on the Kentucky insurance exchange, they are considering themselves lucky when compared to counties in…

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New Kentucky Insurance Commissioner steps up to head her department

kentucky insurance exchange

Nancy G. Atkins has been the deputy commissioner and has now been appointed to the top spot. The new Kentucky Insurance Commissioner has now been named as former Deputy Commissioner Nancy G. Atkins was appointed to the position. Atkins is now heading the state’s Insurance Department, where she already has extensive experience. The latest Kentucky Insurance Commissioner is no new entry to the industry or the types of duties she has taken on as her own. Atkins has been working within the insurance industry for 33 years. She has worked…

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Kentucky insurance exchange loses another health insurer

Kentucky insurance exchange health insurers

Baptist Health Plan has announced that it will no longer be selling its policies in the state in 2017. Baptist Health Plan has announced that it will be leaving the Kentucky insurance exchange next year. This will mean that approximately 7,000 people across the state will need to find new coverage for 2017. The health insurance company is the fourth largest in the state and notified officials of its decision via letter. The president of the insurance company, James S. Fritz, shared the reason for leaving the Kentucky insurance exchange…

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Changes to Kentucky Medicaid program may make health insurance more expensive for consumers

Kentucky insurance exchange health insurers

Rand Paul wants people to pay for the coverage they receive through Medicaid Senator Rand Paul has announced that he will aid Kentucky Governor Matt Bevin in acquiring a waiver from the federal government to allow the state to charge Medicaid recipients for the health insurance coverage they receive. Senator Paul suggests that the Medicaid program is a financial burden, and if consumers do not pay for the coverage they receive the program may no longer be viable. The senator wants the state to move away from the Medicaid program,…

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Kentucky approves controversial health insurance deal between Aetna and Humana

Kentucky insurance exchange health insurers

New Insurance Commissioner grants approval for Aetna’s acquisition of Humana Kentucky’s new Insurance Commissioner, H. Brian Maynard, has approved of a controversial acquisition plan from Aetna. The insurance provider has plans to acquire Humana in a deal that has caused concern among consumers and some government officials. The deal is valued at approximately $37 billion and some fear that it could have a dramatic impact on the health insurance market. Commissioner Maynard’s decision to approve the deal has been met with some criticism. Economists have yet to report on the…

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Health insurance rates to go up in Kentucky

Kentucky insurance exchange health insurers

Insurers seek rate increases for policies sold through the state’s health insurance exchange The majority of the companies participating in Kentucky’s health insurance exchange are looking to raise premiums next year. These companies are citing the provisions of the Affordable Care Act as the reason for rate increases. The Kentucky Department of Insurance has receive rate increase proposals from most of the companies selling policies through the exchange. If approved, coverage through the exchange would become more expensive at the beginning of next year. Kentucky Health Cooperative seeks a 25.1%…

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Is insurance technology the key to health plan enrollment of the “invincible” youth?

Cell Phone Insurance technology

Kentucky is using a mobile app called Kynect to try to reach more young people and encourage them to sign up. Officials in Kentucky are using insurance technology over mobile devices such as smartphones and tablets in order to try to be able to better reach young people and encourage them to enroll in health plans. The Kynect smartphone app launched with the insurance exchange in the state on Saturday. The Kynect mobile app represents some of the latest in insurance technology, in the hopes of appealing to younger demographics…

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