Live Insurance News

Nearly 60,000 Arizona residents will have to find new health insurance policies

November 9, 2015November 8, 2015 S.Vagus

Arizona’s health insurance co-op will be shutting down this year Consumers in Arizona will have to find new health insurance policies following a decision made by state regulators to prohibit the sale of new policies through the Arizona health insurance co-op. Regulators have expressed fears that the co-op would fail. The co-op, called Meritus Health Partners, will be shutting down as a result of this decision, which means that some 59,000 people will lose their health insurance policies that were provided through the co-op. Consumers that received policies from Meritus…

Health insurance may be a costly burden for consumers in Idaho

November 6, 2015November 4, 2015 S.Vagus

Open enrollment begins and health insurance premiums are on the rise Open enrollment has begun in Idaho and throughout the United States. Your Health Idaho, the state’s health insurance exchange, has begun offering policies for those looking for coverage. Consumers will be able to use the exchange to renew the policies they purchased through the exchange during the last enrollment period and they will be able to find new policies as well. The issue, however, is that health insurance premiums are on the rise, which may become a problem for…

Cyber insurance market continues to grow in the US

November 4, 2015November 3, 2015 S.Vagus

More companies are beginning to embrace cyber insurance in order to guard against digital threats Cyber insurance is growing quickly in the United States, according to a new survey from the Council of Insurance Agents & Brokers. More companies are beginning to conduct business online, and this comes with significant risks that they may not be prepared to handle on their own. Consumer information is quite valuable, but many businesses have not had to protect digital information in any significant way in the past. As such, companies are beginning to…

Idaho makes changes to its health insurance exchange

November 2, 2015November 1, 2015 S.Vagus

State health insurance exchange has been improved to better serve consumers The Idaho health insurance exchange, called Your Health Idaho, is expected to be prepared for business on November 1, when the next open enrollment period begins. The state has been working to reprogram the infrastructure of the exchange, introducing various tweaks and new features that are expected to improve the exchange shopping experience. The exchange has been working to test the changes that have been made for several months in order to ensure that the insurance exchange will be…

Health insurance premiums are on the rise for policies sold through federal exchanges

October 30, 2015October 28, 2015 S.Vagus

HHS releases information showing premiums are growing throughout the country Premiums for several popular health insurance plans sold through HealthCare.gov will be going up in 2016. The Department of Health and Human Services has released a “snapshot” of the plans that will be available through the federal exchange gateway, showing that rates are on the rise. On average, rates for the exchange’s most popular plans will be going up by 7.5%, though premiums for some plans will be going up by a larger margin. Some states will see more modest…

Insurance fraud uncovered in Utah substance-abuse clinics

October 28, 2015October 26, 2015 S.Vagus

workers compensation scam insurance fraud

Investigator uncovers troubling insurance fraud problem in the state Insurance fraud has become a major problem in Utah, with substance-abuse treatment centers finding financial success through fraudulent billings. Randy Mauer, an investigator for Cambia Health Solutions, spoke with state lawmakers concerning the issue, suggesting that these treatment clinics are bringing in tens of millions of dollars due to their fraudulent practices. The issue may be quite severe, which could have serious implications for the state’s health insurance market. Fraud seems to be targeting insurers owned by Cambia Health Solutions Investigations…

Colorado health insurance co-op closes its doors

October 26, 2015October 25, 2015 S.Vagus

State’s co-op has failed to challenge and order to cease operations Colorado’s largest not-for-profit health insurance provider closed its doors earlier this week. Colorado HealthOP, the state’s co-op set up under the Affordable Care Act, did attempt to save itself from the state’s decision to shut it down, but was ultimately unsuccessful in the attempt. The Colorado Division of Insurance has ordered the co-op to stop writing new policies, citing serious financial issues that the insurer has been facing. The state’s co-op is one of several that will be shutting…