Live Insurance News

Health insurance trust formed in Indiana

December 5, 2013December 5, 2013 Logan B.

Access to federal exchange has been restricted Federal health insurance exchanges in the U.S. were meant to offer coverage options for small groups and businesses, but this feature of the exchange initiative has been put on hold until 2015, at the earliest. The decision to postpone this aspect of federal exchanges is meant to provide the exchange network with more time to iron out the multitude of technical problems it has been having over the past month. The problem, however, is that this means many small groups and businesses that…

Sebelius issues tips for holiday health insurance shopping

December 4, 2013December 2, 2013 S.Vagus

Sebelius attempts to mitigate consumer frustration by drawing attention to other options Kathleen Sebelius, Secretary of the Department of Health and Human Services, has been attempting to provide some levity to offset the frustration consumers have been experiencing with the federal government’s health insurance exchange network. As the holiday season gains momentum, Sebelius notes that shopping for insurance coverage online could mitigate some of the stresses associated with the season. The initiative is meant to highlight alternatives to purchasing insurance coverage through the federal exchange that do not involve using…

Less than 1% of consumers to pay more for health insurance after cancellations

November 28, 2013November 25, 2013 Logan B.

Health insurance cancellations may not actually be a costly problem Families USA, a health care advocacy group, has released a new study that focuses on the costs associated with the Affordable Care Act. Recently, the health care reform law has received harsh criticism due to insurance companies cancelling certain policies. According to the federal law, insurers must cancel health insurance policies that do not comply with the standards of the Affordable Care Act. Critics of this provision suggest that consumers are being forced to purchase new policies that are vastly…

Health insurance issues place regulators in a difficult position

November 26, 2013November 25, 2013 Logan B.

Health insurance regulations continue to cause problems Insurance Commissioners throughout the U.S. have been placed in a difficult situation. Earlier this month, President Obama announced that insurance companies could continue to honor substandard health insurance policies rather than cancelling these policies because they do not comply with the standards of the Affordable Care Act. This is meant to create a transition period wherein consumers can have a reprieve from cancellations and insurers can better prepare to comply with federal law. The problem, however, is that many Insurance Commissioners have been…

Obama announces policy rollback concerning health insurance plans

November 18, 2013November 18, 2013 Marc

Federal health insurance policy shifts Many health insurance plans in the U.S. are set to be canceled by January of 2014. These policies do not comply with the standards established by the Affordable Care Act and, as such, cannot remain active. Unfortunately, this means that those who have had their policies cancelled must purchase new policies in order to comply with federally mandated insurance coverage. This has caused significant controversy and has placed a great deal of pressure on President Barack Obama, who may have a plan to resolve the…