Tag: Maine insurance

Maine health insurance premiums continue to climb

S.Vagus
Health Insurance plans

Main health insurance premiums grow despite more accommodating laws Several states in the U.S. are preparing to adopt and comply with more stringent insurance regulations due to the Affordable Care Act. Maine, however, is breaking this trend by loosening its insurance rules. These rules are often cited for making Maine one of the states with the highest insurance premiums in the country. State officials hope that by being more lenient on insurance companies they will be able to encourage a reduction in premiums and make insurance coverage more affordable for…

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Maine insurance regulators urging consumers to purchase flood insurance before the stormy season begins

Nordstrom

The Maine Floodplain Management Program, a state-run initiative that works in tandem with the National Flood Insurance Program, is urging state residents to purchase flood insurance before the stormy season gains momentum. According to state regulators, floods in Maine are often the result of coastal storms that happen near the beginning of spring and during the hurricane season later in the year. Regulators note that while flood insurance is often very affordable, few consumers have policies because they do not think that such disasters will happen to them. March and…

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Many concerned over Maine’s new health insurance law

Nordstrom

Lawmakers in Maine have been working toward new health care laws in an effort to improve the state’s insurance market. Yesterday, Governor Paul LePage signed a new law that may clash with federal regulations that will come into effect the being of 2014. The new law will allow insurers to raise rates for older policyholders which, in some cases, can end up being five times higher compared to policies held by younger people. This comes into direct conflict with the provisions of the Affordable Care Act, as do a number of…

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