Health insurance exchange approved in Minnesota

Minnesota Health Insurance

Health insurance exchange legislation wins major victory in Minnesota A state-run health insurance exchange may be set in stone in Minnesota. Early this week, state lawmakers passed a legislation that calls for the creation of a health insurance exchange that is managed by the state. The legislation is currently awaiting Governor Mark Dayton’s signature. Plans for an exchange have been in the works for some time, but political battles have sidelined these plans repeatedly. Now, the state is one step closer to having a health insurance exchange in place, which…

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Flood insurance being encouraged in Minnesota

Flood Insurance and reinsurance

Homeowners being encouraged to purchase flood insurance policies Residents through Minnesota are being strongly encouraged to consider purchasing flood insurance for their homes. State officials have experienced the damage wrought by Hurricane Sandy in the East Coast, much of which was caused by heavy flooding in several states, and want to avoid seeing similar problems arise from the lack of adequate flood insurance coverage. The state has experienced some strong storms in recent months, which have highlighted the fact that many people throughout Minnesota lack flood insurance protection. Snowfall could…

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Health insurance exchange in Minnesota moves one step closer to reality

Minnesota Health Insurance

Lawmakers in Minnesota continue to wrestle with health insurance exchange initiative With the Affordable Care Act looming, lawmakers in Minnesota continue to wrestle with the issue of a state-run health insurance exchange. Those that support the federal health care law argue that it will lead to a dramatic decrease in the costs of health insurance throughout the state, especially if Minnesota decides to operate its own health insurance exchange. Opponents of the law argue that the federal government is overstepping its boundaries. This week, those supporting a state-run health insurance…

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Health insurance exchange amendment causes controversy in Minnesota

Health Insurance

Legislators at odds over health insurance exchange amendment Minnesota is among several states in the U.S. that is currently considering building and operating its own health insurance exchange. State officials have yet to make any decision on the matter, but several approaches to the exchange effort have already been discussed in the Legislature. Plans for a state-run health insurance exchange have already hit a snag with the Democratic-Farmer-Labor Party, which holds the majority of the state’s political power. Late last week, the Minnesota Senate Tax Committee approved an amendment to…

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Health insurance brokers in Minnesota receive some good news

insurance articles

Health insurance brokers get some good news from the state As the Affordable Care Act inches closer to becoming fully actualized in the U.S., insurance agents and brokers are beginning to feel pressure concerning their livelihoods mounting. The federal health care law calls for the establishment of health insurance exchanges, which are meant to be virtual marketplaces where consumers can find affordable health care policies. Policies would be sold through the exchange, effectively eliminating any third party in the relationship between consumer and insurer, a fact that has many brokers…

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Minnesota health insurance exchange moving forward

Health Insurance benefits

Minnesota health insurance exchange still in a state of confusion A task force formed in Minnesota by the state’s government is currently investigating the next steps the state should take in building its own health insurance exchange. The task force is advisory in nature, but plays a significant role in the state’s future health insurance structure. The association met earlier this week and is expected to provide state lawmakers with recommendations on how the Minnesota health insurance exchange should take form. Lawmakers still unsure how to build an exchange program…

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Minnesota insurance agents concerned over commissions and a health insurance exchange

Health Insurance news abortion rape

Insurance agents voice their concern regarding exchange system Minnesota is making progress on establishing its own health insurance exchange, but the state’s plans have sparked concerns amongst insurance agents. Independent insurance agents have come together to make their concerns heard by state officials. The majority of the state’s health insurance is sold by these independent agents, who are worried that a health insurance exchange will make deep cuts in their commissions. If these concerns are justified, an insurance exchange could present a serious financial problem for Minnesota agents. How insurance…

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