Live Insurance News

Health insurance concerns arise regarding young adult adoption

July 8, 2013July 6, 2013 G. Turner

Insurers are concerned that raising costs will stop twenty-somethings from purchasing coverage. When the healthcare overhaul goes into full effect on January 1, 2014, most Americans will be required to purchase health insurance or face a tax penalty, but many young adults who are unemployed or under-employed in the current economy are balking when it comes to buying a plan. Some young adults are already planning to choose the penalty over the coverage, raising concerns. Even after the reforms go into full effect and a $100 penalty will need to…

Health insurance costs predicted by two states to be low in 2014

May 20, 2013May 25, 2013 G. Turner

Washington and Oregon have both found that rates will be considerably lower than initially predicted. The Affordable Care Act has just received a boost, as two northwestern states revealed that health insurance companies have submitted applications for selling on the state exchanges at rates that are considerably lower than what some execs had forecasted for these marketplaces. These marketplaces are expected to bring coverage to many of the 49 million uninsured Americans. In doing so, the design was meant to help to curb the extreme spending that has been caused…

A Guide to Health Insurance for the Self-Employed

April 21, 2013April 21, 2014 Guest Author

The self employed face obstacles and tackle challenges that those employed by others rarely think about…doing budgets, growing the business and, of course, health insurance. Think about it…the cost of individual health insurance for the self employed has gone up substantially over the past decade and policies that used to cost somewhere around $100 a month can run upwards of $500 a month today. Not just that…co-pays and deductibles have gone up…covered services have gone down. But there are options available that can help reduce the cost of health insurance…

Health insurance bill passed to open Kansas market

April 8, 2013April 30, 2013

The House was struggling with the bill that would permit insurers to sell very basic coverage in the state. On the last day of the regular session in Kansas, the House dedicated hours to debates, re-considerations and the pushing back of a bill, which was finally passed in order to allow the state to add bare bones health insurance policies to its market. The purpose of the bill is to help to make the coverage more affordable than what is currently out there. Senate Bill 163, which has been nicknamed…

Health insurance plans in Kentucky move forward

February 23, 2013February 22, 2013 Logan B.

Kentucky insurance exchange health insurers

Kentucky establishes new agency to manage health insurance exchange While many states throughout the U.S. have decided to abandon their efforts concerning a health insurance exchange, Kentucky is one of the few that has decided to build and operate its own. State officials chose for the state to run its own exchange in the hopes that it will better address some of the health insurance concerns that are specific to Kentucky residents. State officials have now formed the Office of the Kentucky Health Benefits Exchange, a new agency that will…