Federal health insurance exchanges may fall short

S.Vagus
health insurance deadline enrollment

HealthCare.gov has come under scrutiny as a new open enrollment period approaches The federal HealthCare.gov website may not live up to expectations by the time open enrollment for U.S. health insurance exchanges begins again this year. The website is set to begin testing with insurance companies on October 7, but it has been crippled by severe glitches and other issues that could prevent it from working efficiently. If the site’s problems are not resolved, it may not be able to serve as an adequate way for people to enroll for…

Read More

Life insurance is not proving its importance to the Millennial generation

Julie Campbell
Life Insurance Statistics

September is the month that recognizes this type of coverage, but young people are not convinced. This month is Life Insurance month and while there are some demographics that have a tendency to recognize the benefit of carrying this type of coverage, for others, such as the Millennial generation, the importance of this protection is not as clear. September is seen as an important time to review the policy and ensure that it is still appropriate to current needs. Every September, the life insurance sector reminds consumers to consider their…

Read More

Health care reform in Louisiana is bleeding money

G. Turner
health insurance mergers industry care

The reserve fund in the state is rapidly depleting despite widespread changes made to correct it. Louisiana Governor Bobby Jindal’s administration has taken considerable action to alter, improve, and update the health care reform in the state when it comes to the insurance program for public school employees and state workers, but despite this fact, they will still be required to use $88 million from the reserve fund in order to cover the necessary costs for 2014. The Office of Group Benefits requires an additional estimated $7.4 million every month.…

Read More

Homeowners insurance tax could come to an end in Florida

Nordstrom
Florida Homeowners Insurance

Citizens Property Insurance is considering putting an end to its storm tax Florida’s Citizens Property Insurance is considering putting an end to its storm tax, which was first introduced in 2007 as a way for the organization to recover from devastating financial losses. The tax imposed a 1% charge on all homeowners insurance policies that the organization was responsible for. The charge has been somewhat unpopular among homeowners, especially as Citizens continued to raise premiums on their coverage somewhat aggressively. Now, the organization may put an end to the tax…

Read More

700,000 people in the US lose their health insurance coverage

S.Vagus
health insurance confusion

Centers for Medicare and Medicaid Services discloses that 700,00 people have lost their insurance coverage since May of this year Some 700,000 people in the U.S. have lost their health insurance coverage since May of this year, according to testimony from Marylyn Tavenner, Administrator of the Centers of Medicare and Medicaid Services. This information was disclosed during a House Oversight and Government Reform Committee hearing. During the hearing, the Centers for Medicare and Medicaid services was criticized for its lack of transparency and its apparent inability to manage data security…

Read More