New Jersey will not stop selling OMNIA health insurance plans

Health insurance plan

Acting Insurance Commissioner refuses to stop selling OMNIA plans New Jersey’s acting Insurance Commissioner, Richard Badolato, has refused to halt the sale of OMNIA health insurance plans coming from Horizon Blue Cross Blue Shield of New Jersey. Badolato suggests that stopping the sale of these policies would “immediately trigger chaos” in the state’s health insurance market. Earlier this month, 11 hospital systems requested that OMNIA plans no longer be allowed to be sold in the state, but New Jersey officials believe that this would be the wrong move. Consumers are…

Read More

Health insurance enrollment center opens in New Jersey

new jersey health insurance rates

Enrollment center will provide aid to those looking for health insurance coverage A new health insurance enrollment center has opened in New Jersey. The center will be operating six days a week and will provide consumers with assistance in enrolling in the state’s health insurance exchange. Open enrollment for the exchange, as well as those located throughout the country, began at the beginning of November. Consumers looking for coverage will now be able to find the policies that they need through these exchanges, with many expected to qualify for subsidies…

Read More

New Jersey Senators take issue with proposed health insurance plans

new jersey health insurance

Senators seek more regulation for insurance plans that will be offered by Horizon Blue Cross Blue Shield Two Senators in New Jersey have filed a request with the state’s Attorney General to delay one of the largest health insurance providers from offering a set of new plans. The plans are meant to be sold as money-saving solutions that would provide better coverage for health care costs. The plans are coming from Horizon Blue Cross Blue Shield and the Senators are concerned that the plans could be a detriment to both…

Read More

Flood insurance returns to the limelight in the US

West virginia Flood Insurance Coverage

Storms draw more attention to flood protection Recent storms in the United States have, again, brought flood insurance into the limelight. In South Carolina, many homeowners and businesses are reeling from the impact of Hurricane Joaquin, which has lead to loss of life and major property damage in the state. Almost three years ago, Hurricane Sandy hit the country as well, causing major damage in New York and New Jersey and becoming one of the most disastrous natural catastrophes that the country had ever seen. Both of these powerful storms…

Read More

New Jersey residents are finding it hard to pay for health insurance

new jersey health insurance

Report highlights the good news and bad news for those purchasing coverage through exchanges A recent report from the Centers for Medicare & Medicaid Services shows that enrollments in health insurance exchanges throughout the country remained stable during the last open enrollment period. In New Jersey, however, this could be a double-edged sword. While more people in the state have been able to acquire insurance coverage through the state’s exchange, fewer people are able to keep up with the pace at which insurance premiums are growing. New Jersey exchange continues…

Read More

Law in New Jersey aims to curb auto insurance fraud

Auto Insurance Fraud

New law will place harsher fines on those that commit auto insurance fraud in the state New legislation in New Jersey aims to make auto insurance fraud a more serious crime. State lawmakers have approved legislation that would leverage harsh penalties against those that commit insurance fraud, particularly for those that avoid paying premiums for their coverage. The Coalition Against Insurance Fraud notes that premium dodging is a significant problem in New Jersey, particularly in areas where auto insurance tends to be more expensive. New Jersey is home to the…

Read More

FEMA to seek settlements in flood insurance cases

coastal flood property insurance north carolina

FEMA is working to settle several lawsuits regarding flood protection and Hurricane Sandy The Federal Emergency Management Agency (FEMA) is currently working to settle lawsuits that have been issued by victims of Hurricane Sandy. The federal agency manages the National Flood Insurance Program, which came under fire in the wake of Hurricane Sandy. Many of those affected by the disaster saw their insurance claims rejected over technicalities and potentially falsified engineering reports. There have also been complaints that claims were underpaid. These issues have prevented many people from recovering following…

Read More

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…

Read More

Flood insurance generates more controversy in the US

West virginia Flood Insurance Coverage

FEMA may push for more disclosure from flood insurance providers The Federal Emergency Management Agency (FEMA) will be examining whether or not it has the ability to force insurance companies to disclose information regarding the potential manipulation of flood insurance claims related to 2012’s Hurricane Sandy.  The powerful storm battered the eastern United States, causing some $68 billion in damage, making it the second costliest hurricane in the country’s history. In the wake of the storm, many insurers have come under fire because of delayed claims payments and rejecting claims.…

Read More

New health insurance company expanding into New Jersey

new jersey health insurance

Oscar Health Insurance will offer coverage through the state’s insurance exchange for the next open enrollment period New Jersey residents that will be shopping for health insurance through the state’s exchange will have more options beginning on November 15 this year. Oscar Health Insurance, a startup that was launched last year in New York, has announced that it is expanding to New Jersey. The insurer covers some 16,000 people in New York and has won praise from its customers. The insurer will be participating in New Jersey’s insurance exchange when…

Read More