Grad students in Missouri are losing their health insurance subsidies

health Insurance IRS

Grad students are suffering under some provisions of the Affordable Care Act Grad students from the University of Missouri have lost the health insurance subsidies that they received through the Affordable Care Act. According to the university, grad students are considered by the Internal Revenue Service, which manages federal subsidies for insurance coverage, to be “employees.” As such, many of them are not eligible to receive subsidies from the government. Grad students that have lost access to subsidies may not be able to afford the insurance coverage that they currently…

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Missouri falls behind in mitigate increase in health insurance rates

health insurance deadline enrollment

State has been unable to halt the growth of health insurance premiums Missouri may be falling behind in protecting its residents from significant health insurance rate increases. In 2016, insurance policies are set to become more expensive nationwide due proposals from insurers. Typically, state regulators investigate rate increase proposals in order to determine whether or not they are needed. In Missouri, however, regulators are not tasked to investigate rate proposals. Instead, this burden falls to the federal government, which may be leaving consumers open to significant rate increases that could…

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Health insurance provider hit with major fine in Missouri

Missouri Health Insurance news

Aetna faces $4.5 million fine for violating insurance laws in Missouri Missouri Governor Jay Nixon has announced that health insurance provider Aetna will be paying $4.5 million in fees for violating state law. One of these violations has to do with Aetna covering elective abortions even though some policies did not allow for such coverage. This represents the single largest insurance penalty imposed against a company in Missouri’s history. Notably, the health insurance company is holding itself accountable for any violations of state law, also acknowledging that it had violated…

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Insurance news not transparent enough with Missouri prices

Missouri Health Insurance news

The state, which participates in the federal health plan exchange will include at least three insurers. This fall, the latest insurance news is showing that when residents of Missouri head to the HealthCare.gov website, they will likely be able to compare and shop for health plans that are being offered by a minimum of three insurers. The largest insurance company in the country has now stated that it expects to take part in the federal marketplace. UnitedHealthcare has said that it intends to make insurance news, this fall, by adding…

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Health insurance settlement reached by Anthem in Missouri

Missouri Health Insurance

The insurer was accused of having failed to notify its customers that the same coverage was being offered for less. A health insurance company in Missouri has now reached a settlement in which it has agreed to send a total refund of almost $8 million to customers in the St. Louis area in order to compensate them for failing to inform them about identical plans that were being sold at a lower rate. The agreement was reached between Anthem BlueCross BlueShield and officials of the state of Missouri. The actual…

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