Live Insurance News

Long term care insurance premiums vary broadly, but are higher overall

February 24, 2015February 21, 2015 H. Cutner

Long Term Care Insurance Premiums on the Rise

The rates that are being paid for this coverage are dependent on a very large number of factors. A recently released industry report has shown that while the rates for long term care insurance have been rapidly on the rise, the premiums themselves vary broadly depending on a number of different factors that go into the calculations. The report showed that this year, the average rise for LTC insurance premiums was close to 9 percent. At the same time, even though the rates for long term care insurance have been…

Michigan health insurance exchange and Medicaid program find success

February 24, 2015February 21, 2015 Logan B.

Open enrollment period proves successful for the state’s insurance exchange Michigan’s health insurance exchange has managed to enroll a significant number of people during the latest open enrollment period. According to Get Covered America, some 340,905 people enrolled in the state’s exchange from November 15 last year to February 15 2015. The open enrollment period allowed those without health insurance to find the coverage that they needed. The state’s Medicaid program also experienced a period of growth, as people flocked to find coverage from the program. More than 546,000 people…

Insurance news from Scranton shows no more rape abortion coverage

February 23, 2015February 21, 2015 Julie Campbell

The college in Pennsylvania intends to stop its policies from paying for these procedures under those specific circumstances. The University of Scranton, a Jesuit school, has revealed insurance news affecting its employees, which showed that its insurance plans will no longer be providing coverage for abortion procedures following cases of incest, rape, or pregnancies that threaten the life of the woman. The college has said that this move aligns with Catholic doctrine and it is therefore removing the coverage from its employee plans. At the same time, the faculty union…

Health care reform tax error affects 800,000 people

February 23, 2015February 21, 2015 G. Turner

Erroneous taxation information in the HealthCare.gov website has caused a problem for many Americans. Among the Americans who have enrolled in the insurance policies required by the health care reform, through the HealthCare.gov federal website, have received incorrect tax information from the government and are being advised to wait a while before filing their tax returns, to give the government time to correct the error. Also announced at the same time as this error, was the additional time that Americans would receive for enrollment. Congressional Democrats pressured the Obama administration…

Traffic violations lead to higher auto insurance premiums

February 23, 2015February 21, 2015 S.Vagus

In some states, premiums grow by a significant margin when drivers are hit with traffic violations Moving violations often lead to increase auto insurance premiums, but in some states, the increase is astronomical. A new report from InsuranceQuotes.com highlights the dramatic increase of auto insurance premiums in some states for those that receive driving under the influence (DUI) charges. On average, consumers can expect to pay 92% more for their coverage when they receive a DUI charge, which is the national basis. In some states, however, costs can shoot up…