New Mexico regulators pursue improved short term health insurance oversight

Short Term Health Insurance - Regulators

Officials in the state want greater control over the minimum standards for these types of plan. New Mexico insurance regulators are seeking greater authority over the short term health insurance plans in the state. They are aiming to set the state’s minimum standards for these health plans, instead of using those established by the federal government. The new standards will become effective through a new bill that has passed the House of Representatives. A new short term health insurance minimum standards bill has now passed the New Mexico House of…

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What type of insurance coverage should a college student consider?

If your child is already in college, or will be headed there within the next few months or years, then you may want to begin thinking about the different types of insurance coverage that may be important for him or her during this first time away from home. The odds are that he or she will remain free if incident throughout the entire time at college, but just in case some of those close calls go awry, it is best to be protected. The following are some of the types…

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COBRA loses federal subsidy, future of the program questioned

The end is nigh for one of the federal government’s most popular and well-used insurance plans. The Consolidated Omnibus Budget Reconciliation Act, more famously known as COBRA, will no longer be subsidized by the government beginning next week. The demise of the subsidy, which has provided insurance coverage to millions of unemployed citizens throughout the nation by lowering the cost of COBRA, has been met with little fanfare. After the subsidy ends, the options for those unable to afford conventional insurance coverage will become slimmer. Despite being designed to help…

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Report finds that 50 million people are uninsured and unable to receive coverage through COBRA

A new report from the Commonwealth Fund, a private foundation working to improve the performance of the nation’s health system, has found that 50 million Americans are without health insurance of any kind. The lack of coverage is linked to the economic recession of 2008, in which many businesses had to make cuts to staffing in order to stay afloat. As unemployment rose, so too did the rate of those without insurance as many no longer had access to employer health benefits. According to the report, most of these people…

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Insurance tips for the start of the new school year

As the time grows nearer to the start of the new school year, it is important to look over your insurance needs and consider whether or not they are being met by your current coverage, as there are many issues that can alter your protection requirements at this time. A child’s grade level change, a newly licensed teen, or having a family member who is a college freshmen can each impact the type of insurance you need for auto, health, and homeownership. First, have a look at your auto insurance.…

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Illinois legislators allow 90-day insurance contracts for state employees

The Illinois Legislature has approved a plan to allow a temporary extension to the insurance program that provides healthcare benefits to the state’s employees and retirees. Lawmakers have been debating the necessity of the program, going so far as to consider it’s burden on the state’s finances a weight too heavy for the state to bear. However, the Commission on Government Forecasting and Accountability approved of a plan during an emergency session of the Legislature. The plan will give the state’s Department of Healthcare and Family Services the authority to…

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Oregon health insurance rates on the rise

Health insurance providers in Oregon have been seeking approval for rate increases for nearly a year. Some may be getting their wish, but will not be able to raise rates as much as they had originally planned. The Oregon Insurance Division of the Department of Consumer and Business Services has granted approval for half of the rate proposals they have been reviewing over the past year. While many companies will not see the increases they had hoped for, consumers stand to save more money on their policies. The Division approved…

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