Live Insurance News

New usage based insurance available to Pennsylvania drivers

November 17, 2015November 15, 2015 Julie Campbell

This pay as you drive coverage lets safer drivers prove their reduced risk for premiums discounts. Auto policies can be quite costly and they are certainly an area in which most drivers would like to be able to reduce their expenses so they can direct that money to other areas of their budgets, and in response to this, usage based insurance products are being offered by many insurers in order to provide those motorists with a greater chance to save. While not everyone can benefit from savings through these auto…

Florida health insurance stats place the state as third among uninsured

November 17, 2015November 15, 2015 H. Cutner

Despite the efforts made to spread awareness of the Affordable Care Act, many remain without coverage. Five years ago, when the Affordable Care Act was first launched, the health insurance coverage rate in Florida was among the lowest in the country, and now that half a decade has passed, Florida’s rank among the uninsured states is still in third place. That said, despite the large uninsured rate in Florida in terms of health plans, the situation has improved. Now that the health care reform is starting to settle in and…

New Mexico hospitals cite expansion of health insurance as reason for falling costs

November 17, 2015November 15, 2015 Logan B.

New Mexico health Insurance Regulation Structure

Hospitals report falling costs due to more consumers having health insurance coverage New Mexico hospitals are reporting seeing lower costs in providing consumers medical care, even if they do not have health insurance coverage. According to a report from the Legislative Finance Committee, this is due to the expansion of the state’s Medicaid program through the Affordable Care Act. This has allowed more people to receive the medical care they need at relatively lower costs. This has had a positive financial impact for hospitals, as they are spending less money…

Bill Cosby’s insurance company may be required to foot his bill

November 16, 2015November 15, 2015 Julie Campbell

A court has now ruled that the insurer will be required to pay for the celebrity if he loses his sexual assault case. Although this year has certainly not been the best one Bill Cosby has ever lived, particularly in terms of the sexual assault allegations that have been placed against him, a recent court ruling has given him a potential financial break as his insurance company will be required to pay for him if he is found to have been guilty of these atrocities. In the sexual assault case…

Health care costs for employees are 130 percent higher than 10 years ago

November 16, 2015November 15, 2015 G. Turner

Health insurance for small business health care costs

Workers are seeing tremendously higher expenses for their insurance plans when compared to a decade ago. According to a recent data analysis that was conducted by Aon Hewitt, employees working for large and medium sized companies in 2015 were paying an average annual $4,700 in health care costs for their plans. Comparatively, back in 2005, the amount being paid by employees with these health plans was $2,001. Mike Morrow, the senior vice president of Aon Hewitt explained that companies are currently looking for ways to help to keep their costs…