Live Insurance News

Small business health insurance exchange may be coming to Mississippi

August 1, 2013July 30, 2013 Logan B.

Mississippi commissioner has plans for a state-run health insurance exchange Mississippi Insurance Commissioner Mike Chaney has a new plan concerning the state’s health insurance exchange. Chaney was recently involved in a controversial political battle with the state’s Governor regarding compliance with the Affordable Care Act and how the state’s exchange system should be formed and managed. Chaney had initially intended to run the state’s health insurance exchange himself, without the support of Governor Phil Bryant. This plan was rejected by the federal Department of Health and Human Service, but Chaney…

Health insurance rates are dropping in the US

July 30, 2013July 29, 2013 S.Vagus

Health insurance exchanges cause a drop in coverage costs As health insurance exchanges begin to take form throughout the U.S., these organizations are announcing that rates for coverage will be considerably lower than expected in many parts of the country. These exchanges are meant to begin open enrollment nationwide beginning in October of this year, with the policies they sell going active on January 1, 2014. Critics of the Affordable Care Act had warned that health insurance rates would skyrocket due to the federal law, but exchanges are beginning to…

Health insurance awareness is low in the US

July 29, 2013July 27, 2013 Marc

Survey shows consumers are confused about health insurance LIMRA, an insurance trade organization, has released the results of a recent survey it conducted within the U.S. The survey tasked consumers throughout the country to take a 10-question quiz concerning health insurance. The results paint a troubling picture for health insurance awareness within the country and suggest that efforts to educate consumers of the matter have fallen well short of their intended goals. With the Affordable Care Act inching closer to being fully realized, the lack of awareness among consumers may…

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…

Health insurance rates in New York drop by 50%

July 23, 2013July 20, 2013 S.Vagus

Health insurance premiums are plummeting in New York Health insurance rates are rising throughout the U.S. as insurers prepare to comply with the various regulations being introduced with the Affordable Care Act. These regulations are placing more stringent requirements on insurers, effectively raising the costs associated with administration and general business while also lowering their ability to generate profit. In New York, however, health insurance rates for individuals could plummet due to the state’s health insurance exchange program. Officials approve 17 affordable plans from insurers New York officials have approved…