Live Insurance News

Insurance news made as health care reforms now include new marketplace CEO

June 24, 2014June 21, 2014 Julie Campbell

The Obama administration has now announced the creation of a new position to oversee the federal exchange. Among the latest pieces of insurance news to be released regarding the health care reform is the creation of a new chief executive position by the Obama administration which will be responsible for overseeing the federal health plan exchange where residents of 36 states purchase their coverage. This health care reform announcement was made as one of a series of management changes. The insurance news announcement was made by Sylvia Burwell, the U.S.…

New Jersey home to some of the most expensive health insurance coverage in the US

June 24, 2014June 20, 2014 S.Vagus

Report highlights the costs of insurance coverage throughout the US under the Affordable Care Act The U.S. Department of Health and Human Services has released a report that serves as the federal government’s first concerted effort to evaluate the affordability and availability of insurance coverage through the Affordable Care Act. Some 36 states were evaluated for the report and the federal agency found that New Jersey was home to some of the most expensive coverage in the country. New Jersey residents are paying significantly more for their health insurance coverage…

Companies seek to participate in Kentucky’s health insurance exchange

June 23, 2014June 20, 2014 S.Vagus

Kentucky insurance exchange health insurers

Exchange’s success proves attractive to two insurance companies that are now seeking to participate in the digital marketplace Two new insurance companies have expressed interest in selling their policies through Kentucky’s health insurance exchange. The state-run exchange has provided policies to more than 421,000 people throughout the state during its first open enrollment period. The exchange will have another enrollment period later this year and insurance companies are eager to participate in the exchange in order to gain access to a growing consumer base that is looking for insurance coverage.…

Health insurance costs in Missouri and Kansas are cut down thanks to tax credits

June 20, 2014June 20, 2014 Nordstrom

Tax credits lead to more affordable coverage for those in Missouri and Kansas Tax credits offered by the U.S. federal government are having a major impact on the cost of health insurance in Missouri and Kansas. These tax credits come from the Affordable Care Act, passed in 2010, and have helped make insurance coverage more accessible and less expensive. The credits are applied to policies that are sold through state-based insurance exchanges and are available to those that fall within a certain poverty level, as defined by the federal government.…

US government to investigate health insurance subsidy abuse

June 18, 2014June 16, 2014 Nordstrom

Government regulators are looking to uncover potential fraud Hundreds of thousands of people throughout the U.S. are being contacted by the federal government. The government is questioning these people about their eligibility for the subsidies provided by the Affordable Care Act. According to the Obama administration, a large portion of those seeking coverage through health insurance exchanges may have provided misleading or false information concerning their incomes. This information does not match that which is stored with the Internal Revenue Service, which calls into question whether or not subsidies are…