Live Insurance News

California health insurance exchange revises payment deadline

January 8, 2014January 6, 2014 Marc

Covered California offers people more time to pay for their coverage The California health insurance exchange, called Covered California, has recently witnessed a massive influx of new enrollees which has caused exchange officials to revise the deadline on payments for insurance coverage. Policies sold through Covered California went active on January 1 and that had been the initial payment deadline for those that have received coverage through the exchange. Policyholders will now have more time to pay for their coverage due to a revised payment deadline. New deadline set for…

Hawaii health insurance companies win approval for higher rates

January 3, 2014January 1, 2014 Marc

Cancelled policies become more expensive in Hawaii Hawaii health insurance officials have approved rate increase proposals from some of the state’s largest insurance providers. The state’s Insurance Division has been investigating rate increase proposals to determine whether they are necessary or not and has seen a need for higher rates as insurers continue to juggle several financial issues. The new rates are primarily for insurance plans that were set to be cancelled due to the provisions of the Affordable Care Act. Several insurers have moved to continue honoring these policies,…

Affordable Care Act may not be the cause of rising health insurance costs

December 23, 2013December 19, 2013 Marc

Research discovers that federal law may not be causing premium spikes It has become common for the Affordable Care Act to be blamed for rising health insurance costs in the U.S., but the federal law may not actually be the problem. According to a new analysis from the Commonwealth Fund, an organization that conducts independent research on health policy, the Affordable Care Act actually has a relatively modest impact on insurance costs. The organization has analyzed the reasons that insurance companies provide to regulators when they are seeking rate increases…

Florida homeowners insurance rates are highest in the US

December 20, 2013December 17, 2013 Marc

Florida continues to have trouble with insurance rates Homeowners in Florida are no strangers to high insurance rates. Homeowners insurance premiums throughout the state have often drawn criticism for being quite high and on the verge of being uncontrolled. A new report from the National Association of Insurance Commissioners aims to shed some light on the issue by comparing Florida homeowners insurance rates with those found in other states. Notably, other states that have experienced more natural disasters than Florida in recent years have lower insurance rates by comparison. Report…

Cancelled policies in Nevada to stay cancelled

December 3, 2013November 30, 2013 Marc

Nevada health insurance commissioner State Legislature Building

Health insurance policies in Nevada remain cancelled The Nevada Division of Insurance has announced that all health insurance policies that were cancelled due to the Affordable Care Act’s provisions cannot be renewed in the state. This decision came after consulting with the attorney general’s office and meeting with several executives from insurance companies operating in Nevada. The logistics involved with reversing cancellations, especially after notices had already been sent to policyholder, have been deemed too extreme to be viable. 25,000 consumers forced to find new policies Some 25,000 Nevadans have…