Live Insurance News

Delays reported in upgrading the federal health insurance exchange network

October 23, 2015October 21, 2015 S.Vagus

Upgrades are being delayed, but are expected to be ready before the beginning of the open enrollment period Open enrollment for U.S. health insurance exchanges will begin November 1 this year and the federal government is working on improving its insurance gateway, HealthCare.gov. Earlier this month, the government announced that it would be making long-awaited upgrades to the website before the open enrollment period began, but these updates may be delayed somewhat. While federal officials believe that the updates will be online before the enrollment period begins, ongoing issues may…

Hacks are causing cyber insurance rates to skyrocket

October 21, 2015October 20, 2015 S.Vagus

Insurers are raising premiums for the cyber insurance coverage that they provide Over the past two years, companies in the United States have been targeted by aggressive cyber attacks. This has prompted insurers to increase premiums on cyber insurance coverage by a massive margin. Some companies are perceived as being a high risk, which means that they are seeing higher costs when it comes to protecting themselves from digital attacks. Insurers are not just raising premiums on cyber insurance coverage, however, and many companies are looking for a solution to…

Health insurance rates set to rise in Montana

October 19, 2015October 18, 2015 S.Vagus

Trumpcare health insurance investigation

Insurance premiums for Montana residents expected to rise as much as 34% for 2016 coverage Montana residents can expect to see their health insurance premiums rise in 2016. Insurance Commissioner Monica Lindeen has announced that rates will increase between 22% and 34% in 2016, affecting as many as 41,000 people living in the state. The rate increases will not affect those that receive employer-sponsored health insurance coverage or those that receive coverage through HealthCare.gov and receive federal subsidies for these policies. Those in the private market, however, may experiencing a…

Maryland’s health insurance exchange has some major problems, according to state audit

October 16, 2015October 14, 2015 S.Vagus

Audit reveals many problematic issues with state’s insurance exchange The Maryland Office of Legislative Audits has reviewed the state’s health insurance exchange, called the Maryland Health Benefit Exchange, and have found that the exchange’s operators did not appropriately protect sensitive personal information from those enrolling in the marketplace. The state’s exchange began official operations in June of 2011 and the Office of Legislative Audits reviewed data from the exchange from that point through July 2014. The findings of the audit highlight many instances in which the exchange can be improved.…

Government to improve its health insurance gateway

October 14, 2015October 13, 2015 S.Vagus

HealthCare.gov will be receiving promising upgrades The U.S. government is looking to improve its health insurance gateway, HealthCare.gov, ahead of the beginning of the next open enrollment period in November. The upgrades are expected to improve the services that the site provides to consumers, making it easier to enroll in health insurance plans. In the past, HealthCare.gov has failed to successfully enroll consumers, making it difficult for them to find the coverage that they need. The government has brought many improvements to the site over the years, but the latest…

Flood insurance returns to the limelight in the US

October 12, 2015October 11, 2015 S.Vagus

Storms draw more attention to flood protection Recent storms in the United States have, again, brought flood insurance into the limelight. In South Carolina, many homeowners and businesses are reeling from the impact of Hurricane Joaquin, which has lead to loss of life and major property damage in the state. Almost three years ago, Hurricane Sandy hit the country as well, causing major damage in New York and New Jersey and becoming one of the most disastrous natural catastrophes that the country had ever seen. Both of these powerful storms…

Employer-sponsored health insurance is on the rise in Texas

October 9, 2015October 7, 2015 S.Vagus

Study shows that more workers in Texas are gaining health insurance coverage from their employers A new study from Rice University’s Baker Institute for Public Policy and the Episcopal Health Foundation has found that more people in Texas have employer-sponsored health insurance coverage. Many had been concerned that they would lose their sponsored covered due to some of the provisions of the Affordable Care Act. This has not been the case, however, as employers have opted to continue providing health insurance coverage for their workers. 68% of workers now receive…