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Health insurance company put under state supervision in Alaska

February 4, 2016February 3, 2016 Nordstrom

Alaskan regulators place Moda Health Plan under supervision due to financial concerns The Alaska Division of Insurance has announced that Moda Health Plan, a health insurance company based in Oregon, will no longer be offering policies in the state. Regulators cite concerns regarding the insurer’s financial situation. Moda will not be accepting new customers or renewals for the time being and regulators will continue to evaluate the issue. In its home state of Oregon, Moda was placed under supervision by the state due to financial issues, which influenced the decision…

Alaska health insurance regulators hope to assuage fears following Moda’s exit

February 2, 2016January 31, 2016 Julie Campbell

These officials are working with lawmakers, the governor’s office and others to draw a new insurer. Regulators for the Alaska health insurance industry have said that they will be working with the congressional delegation in the state, in addition to the state’s lawmakers and the governor’s office. Their goal is to make sure health insurance companies see the appeal of returning to the state. This action from the Alaska health insurance regulators has arrived on the heels of an announcement that Moda Health Plan has been suspended from being able…

Alaska’s health marketplace loses 3 insurance companies

June 24, 2015June 23, 2015 Julie Campbell

Three insurers have now announced that they will no longer be selling individual plans in the state. Yet another insurer has now announced that it will be leaving the individual health plan marketplace in Alaska, which has brought the number of insurance companies that will be leaving the state up to three over the last couple of months, alone. This will cause over 5,000 Alaskans to have to seek out a new provider for their health care policies. The three insurance companies that have given their notice during the last…

Health insurance rates set to rise in Alaska

September 10, 2014September 8, 2014 S.Vagus

Policies sold through Alaskan health insurance exchange will become more expensive next year Premiums for policies sold through the Alaskan health insurance exchange are expected to rise in 2015. The exchange has served as a place for Alaskan residents to find the insurance coverage they need at an affordable rate. Next year, however, the affordability of some insurance policies is likely to decrease as insurers raise rates on the coverage that they provide. Two of Alaska’s largest insurance provides have announced plans to raise premiums beginning next year. Insurers seek…

Study highlights cost of health insurance for state employees

August 15, 2014August 13, 2014 S.Vagus

States are spending $31 billion a year on covering their workers A new study from Pew Charitable Trusts shows that states have paid some $31 billion to ensure that their workers have health insurance coverage. The study is meant to offer some insight into the largest source of a state’s health care spending. Medicaid spending pales in comparison to the amount of money spent on keeping state workers covered through insurance plans. The amount of money being spent by states varies and is largely based on the insurance plans that…