Author: Nordstrom

California legislators fail to repair home insurance market before end of session

Nordstrom
Home insurance - Failure and frustration

Though several deals arrived at the last moment, none of them included the sought-after proposal. Even as a slew of deals appeared at the last moment ahead of the close of California’s legislative session, none were the home insurance market fix many were waiting for to help keep insurers in the state despite the rapidly climbing wildfire risks. The key deadline came and went without a bill that would help to stave off a crisis in the state. As a new home insurance bill didn’t appear in the last session,…

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New York health insurance rates will be higher next year

Nordstrom
Health insurance - Person holding heart health and dollar sign

Premiums will be higher by an average of double-digit percentage points for 2024 coverage. Residents of New York state will be facing an average health insurance rate increase of 12.4 percent for 2024’s individual plans. State records have also shown that small group plans will see a 7.4 percent increase next year. The rate increases for health insurance in New York are still considerably lower than those that were sought by insurers earlier in the year. They had been requesting rate hikes of almost 21 percent for individual plans and…

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Maine health insurance rates are going up, but most people will pay the same premiums

Nordstrom
Health insurance rates rising - Maine

Rates are expected to jump by almost 15 percent next year, though tax credits will compensate for them. The health insurance rates on Maine’s marketplace are expected to increase by almost 15 percent on average for 2024, according to estimates released by the Bureau of Insurance. Most people in the state will find the rate hikes are offset by tax credits, as they will typically qualify. Health insurance companies were required to complete the filing for their rate increase requests back in June. Federal officials have been considering the filings…

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Health insurance drug plans aren’t covering the RSV shot for many seniors

Nordstrom
Health insurance - RSV Shot

Some older seniors are reportedly being charged more than $300 to receive the new RSV vaccine. Seniors across the United States have been reporting that they have been forced to pay for their annual RSV shots because their health insurance prescription drug plans haven’t been covering them. Though they have been receiving their vaccine every year, they’re now being asked to pay out of pocket. The new RSV vaccine is covered by Medicare Part D, but man seniors who have private prescription drug coverage are discovering that they now need…

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Florida home insurance rate hikes lead to protest at 55+ community

Nordstrom
Home insurance - People Protesting

The demonstration broke out in response to skyrocketing premiums making their properties unaffordable. Hundreds of homeowners recently held a protest at their Florida 55+ living community called Century Village in response to the latest increase to their monthly home insurance fees. According to the seniors living in the community, many are being forced to sell because of this added cost. The Pembroke Pines, Florida community has been watching their monthly housing fees steadily climb due to the exploding home insurance costs as the state fights a crisis in its property…

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