Live Insurance News

Missouri imposes new law on health insurance navigators

July 24, 2013July 22, 2013 Marc

Health insurance navigators to seek state licensure A new law has been passed in Missouri that placed a strict requirement for counselors seeking to participate in the state’s health insurance exchange. These counselors, often called health insurance navigators, are meant to provide consumers with guidance concerning the policies offered through the state’s exchange program. Navigators are considered to be a boon by the federal government as they could help consumers find the best policies that suit their needs, thereby making health insurance exchanges more effective in their purpose. Law aims…

Abortion insurance ban considered for some NC policies

July 24, 2013July 22, 2013 G. Turner

Health insurance care reform confusion debate

The state is looking into stopping private health plans from being able to provide this coverage. The state of North Carolina is weighing a proposed law that would stop abortion insurance coverage from being included in the health plans that are sold within the online exchange starting in October 2013. This would not be a regulation for all insurers in the state, but only those who plan to sell over the public marketplace. Limiting the private abortion insurance coverage is permitted under the federal healthcare reform laws that require nearly…

Some could avoid flood insurance rate hikes in the US

July 22, 2013July 20, 2013 S.Vagus

New measure could provide reprieve from flood insurance rate increases Hundreds of thousands of homeowners in the U.S. could be facing higher flood insurance costs due to legislation that was passed last year. Earlier this week, however, a measure was introduced to the Senate that could give homeowners as much as a one-year reprieve from higher flood insurance rates. The measure has managed to gain strong support from legislators who believe it is in the best interests of consumers, many of whom have been suffering from the financial pressures associated…

Health insurance costs in U.S. are lower than anticipated

July 22, 2013July 20, 2013 H. Cutner

Health Insurance Affordable Care Act Cost

Forecasts are beginning to show that the costs of the coverage aren’t as high as predicted. According to data from the Department of Health and Human Services, the cost of health insurance is considerably lower than it anticipated for small businesses and consumers, as the healthcare exchanges start to come together. This is promising news for President Obama and his supporters, as the exchanges are the heart of his signature law. The health insurance exchanges in each state are central to the Patient Protection and Affordable Care Act. Their ultimate…

Life insurance recovery reaches $1.1 billion

July 19, 2013July 16, 2013 H. Cutner

New York regulators have said that by July 10, the nationwide investigation has already been very successful. According to regulators in New York, the investigations that have been going on nationwide have already resulted in the recovery of over $1.1 billion in unclaimed life insurance benefits. Previously, insurers had not been using available lists in order to discover recent deaths that had occurred. The Department of Financial Services in New York explained that many life insurance companies were failing to consult with the Social Security Administration lists of recent deaths…