Author: S.Vagus

Long-term care insurance premiums to see massive increase in Kansas

S.Vagus
Long-Term Care Insurance Caregivers

State residents will see a major increase in their long-term care insurance premiums Kansas residents that have purchased long-term care insurance will be hit by significant rate increases in the near future. Policyholders have been reporting that they have been notified that they will see rate increases as high as 60%. The Kansas Insurance Department has confirmed that this is, indeed, the case, as regulators have approved significant rate increases coming from insurers. For many consumers, this may become a major financial burden that may mean they would lose their…

Read More

Census Bureau shows 8.8 billion people gained health insurance coverage

S.Vagus
health insurance coverage

Report highlights the growing number of people with insurance coverage in the US The Census Bureau has released data that shows that 8.8 million people in the U.S. were able to gain health insurance coverage in 2014 due to the Affordable Care Act. The organization’s report notes that 2014 was the first full year wherein the provisions of the Affordable Care Act were in effect. The federal law has allowed many consumers to receive insurance coverage through expanded health care programs and through state-based exchanges, which offer relatively inexpensive insurance…

Read More

Cyber insurance market is surging

S.Vagus
cyber insurance confusion computer

Cyber attacks estimated to cost businesses as much as $500 billion a year in damages The cyber insurance market is poised to see massive growth in the coming years. Cyber crime has become a very profitable business, with companies that have been hit by data breaches and other attacks reporting major financial losses. According to a recent report from Cybersecurity Ventures, cyber attacks cost businesses an estimated $400 billion every year, though other estimations suggest that the damage is closer to $500 billion a year. Cyber insurance market set to…

Read More

More people are gaining access to health insurance in Rhode Island

S.Vagus
health insurance rhode island

Survey shows that state’s uninsured population is falling The number of people in Rhode Island that do not have health insurance coverage continues to fall. According to a new survey from Gallup, which was commissioned by the state, the number of people using the state’s insurance exchange to find coverage has increased significantly. These people have found that it is easier to find affordable coverage through exchange marketplaces. The exchange has also become popular because it offers access to federal subsidies that can make coverage less expensive. Uninsured population is…

Read More

Insurance industry could help improve company security

S.Vagus
Cyber Insurance policies commissioners industry

Insurance industry may be able to improve the cyber security of companies The insurance industry may have a major role to play to help companies in the U.S. improve their cyber security, according to the U.S. Treasury Department. Federal lawmakers in Congress are struggling to pass new legislation that concerns cyber security. The legislation would force companies to improve their defense against digital threats during a time when cyber attacks are becoming much more frequent. Sarah Bloom Raskin, deputy secretary of the Treasury Department, believes that insurers can be a…

Read More

New Jersey residents are finding it hard to pay for health insurance

S.Vagus
new jersey health insurance

Report highlights the good news and bad news for those purchasing coverage through exchanges A recent report from the Centers for Medicare & Medicaid Services shows that enrollments in health insurance exchanges throughout the country remained stable during the last open enrollment period. In New Jersey, however, this could be a double-edged sword. While more people in the state have been able to acquire insurance coverage through the state’s exchange, fewer people are able to keep up with the pace at which insurance premiums are growing. New Jersey exchange continues…

Read More

Expansion of health insurance coverage has been a boon for those with chronic illnesses

S.Vagus
research health insurance chronic illness

Study shows that health insurance coverage has grown significantly in the US The Harvard T.H. Chan School of Public Health has released a new study that shows that the expansion of health insurance coverage under the Affordable Care Act has had major benefits for those with chronic medical issues. The study suggests that those with chronic issues, such as high cholesterol and diabetes, are more likely to be properly diagnosed. By comparison, uninsured people that seek out medical services for their chronic conditions are unlikely to receive a proper diagnosis.…

Read More