Health insurance exchanges can now partner up to help ease the process

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The HHS has announced the first of the approved partnerships between federal and state governments. The Department of Health and Human Services has given their conditional approval to the first of the states that have opted to run health insurance exchanges in a partnership between the federal and state governments. The HHS is hoping that there will soon be additional approvals of this nature to be issued. Arkansas and Delaware have become the first states in receipt of the conditional approval for the operation of health insurance exchanges that are…

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Health insurance companies ready for a massive influx of individual customers

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Insurers are taking steps to prepare for individuals and families who will be buying plans. Health insurance companies have become very aware of the change in coverage rules that is occurring in the United States as of January 1, 2014, and are taking steps to make sure that they are ready for the tremendous wave of individual customers who will be purchasing plans. In this light, many have been creating all new products to offer this growing market different options. A major example of this includes the efforts of Blue…

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Health insurance exchange in Alaska to be federally run

Alaska Health Insurance Governor Sean Parnell

The governor of the state has stuck with his July decision not to run the program. A spokesperson for the Governor Sean Parnell of Alaska, Sharon Leighow, has revealed that the state will not be running its own health insurance exchange and that it will be holding to the decision that was made by the governor back in July 2012. The announcement showed that no changes were made to the original prediction regarding the program. This means that, according to the Affordable Care Act, federal officials will now be taking…

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Online Insurance Marketplace releases outcome of pet insurance survey

Leading life insurance website for covering individuals with life insurance without a medical exam, the Online Insurance Marketplace, has released the results of a survey that it held to determine how many life insurance customers also insure their pets, called “Do You Have Pet Insurance?” What they found is that sixty percent of the people who took part in the poll and who were asked the questions about pet insurance totalled to, 60 percent answering “yes”. This is not the first of this type of research that has been performed…

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Allstate acquires Esurance and Answer Financial for $1 billion

In another of Allstate Corp’s efforts to become a larger part of the online insurance marketplace for consumers who prefer to use the internet for their insurance transactions, the company has acquired Answer Financial and Esurance from White Mountains Insurance Group Ltd. for $1 billion. Allstate, a leading national home and auto insurance company based in Northbrook, has stated that it will be maintaining the Esurance headquarters in San Francisco, and that Answer Financial will remain in Los Angeles. As a result of this deal for the online auto insurance…

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