Alaska insurance study shows growing gap between wage increases and coverage costs

Alaska health insurance

NAIC now intends to discuss the issue and come up with ways to overcome this discrepancy. The results of an insurance industry study has shown that the gap between the cost of Alaska insurance and the rate at which wages are increasing is widening. As a result of this information, the National Association of Insurance Commissioners (NAIC) vice president, Joe Biden sat down with the association in a meeting that was intended to help to manage and ease this issue of rate reviews for premiums. Commissioners across the country were…

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Alaska lawmakers pass autism health insurance bill for children

Health Autism Insurance

Health insurance news update for Alaska The Alaska Legislature has passed a new bill that aims to expand the health insurance coverage for children to include treatment for autism. The bill, SB 74, was passed in the House on Sunday with a vote of 36-6. The legislation is designed to provide children who suffer from autism insurance coverage for treatments regarding their specific case. These treatments can include a wide range of speech and physical therapies. Alaska is not the first state to begin adopting such a law – 34…

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Unemployment insurance rates spike in Alaska, Governor balks at current law

The Alaskan Department of Labor has issued notifications to businesses throughout the state letting them know that they will be paying more for unemployment insurance next year. The new rates have yet to be reviewed by the state’s insurance regulators, but insurance companies claim that higher rates are necessary to ensure that the state’s unemployment trust fund remains solvent and that insurers themselves have to recover from high unemployment rates. Governor Sean Parnell argues that the rates are excessive, as the state’s trust fund holds more than $234 million and…

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