Boston 2024 releases information about policies it wants from the insurance industry

Insurance Industry Boston sports

New information emerges about the policies the state is interested in for the 2024 Olympics Boston, Massachusetts, is looking to play host to the 2024 Summer Olympic Games, and those behind the Boston 2024 initiative have released more information about the insurance proposals they believe will provide coverage for those attending the Games. Boston 2024 is responsible for the push to bring the Olympic Games to Massachusetts. The committee behind the initiative has been working on overcoming challenges that prevent the Games from coming to the state by working with…

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Massachusetts health insurance exchange finds success

Massachusetts Health Insurance

Survey shows that state’s insurance exchange has managed to serve many people in the state The health insurance exchange in Massachusetts may have been a resounding success, according to a new survey from the Center for Health Information and Analysis. The state served as a model for the Affordable Care Act, at least when it comes to the formation of an insurance exchange. Massachusetts enacted extensive health care reform in 2006, which lead to the creation of the Massachusetts Health Connector, which was the state’s first iteration of its insurance…

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States begin taking action on flood insurance

flood insurance news

National Flood Insurance Program is now $20 billion in debt The U.S. National Flood Insurance Program is $20 billion in debt and the provisions of a law that would seek to resolve this issue have been delayed for four years due to concerns regarding its financial impact on consumers. While premiums for the flood insurance coverage offered by the program have been increasing, these increases have not been enough to make the program financially stable. Because this represents a serious risk for homeowners, some states are beginning to take matters…

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New supplemental insurance law passed in Massachusetts

Supplemental Insurance

Governor Patrick signs supplemental insurance legislation into law A new law that eliminates the cap on insurance payments for non-medical hospital expenses has gone into effect in Massachusetts. Governor Deval Patrick has signed a bill that would remove the payment cap, which had been placed on supplemental health insurance policies that are meant to provide aid for non-medical expenses. Massachusetts had been the only state in the country that had placed payment limits on such coverage. Law has removed the cap placed on insurance payments for non-medical hospital visitis The…

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Health insurance plans will be needed by 400,000 in Massachusetts

Massachusetts health Insurance

Almost that many people are going to need to reapply for their coverage before the close of the year. Close to 400,000 residents of Massachusetts are going to need to reapply in order to obtain health insurance coverage before the end of 2014, and it is likely that a considerable number of them are completely unaware that this will be affecting them. This will apply to people who purchased their health plans through the state and who don’t have employer sponsored coverage. When the health insurance exchange website failed in…

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Health care reform in Massachusetts will keep its current exchange website

Massachusetts health Insurance

The state had been considering joining the federal HealthCare.gov site, but officials have announced that they are keeping their own. An announcement made by health care reform officials in Massachusetts has now revealed that the state will be keeping its own insurance exchange website as opposed to joining the federal HealthCare.gov marketplace. A new software system has now been adapted for the state by the hCentive tech firm. The hCentive software system has already successfully passed its testing and reviews with the U.S. Centers for Medicare & Medicaid Services. This…

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Massachusetts insurance refunds will total $15 million

Massachusetts Health Insurance

Consumers in the state will be issued the rebates in some form by August 1 by their insurers. According to the latest data from the U.S. Department of Health and Human Services, Massachusetts insurance customers who purchased or renewed their health plans in 2013 were able to save $4.1 billion on their premiums, that year. This year, the health care reform will bring over $15 million in refunds to those same consumers. The Massachusetts insurance rebates will be the second largest among all of the states in the country. The…

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