Thousands could lose their health insurance coverage in the US

health insurance industry

By the end of September, 115,000 people could lose their insurance coverage The Obama Administration has warned that as many as 115,000 people in 36 states could lose their health insurance coverage by September 30. This is due to unresolved data problems involving citizenship and immigration status. When insurance exchanges began their open enrollment period last year, millions of people applied for insurance coverage. The government suggests that a portion of these enrollees supplied false or incomplete information when using an exchange. The Department of Health and Human Services has…

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Is Health Insurance Worth It?

health insurance cost medical

Health insurance can be a tricky subject. Many people consider insurance coverage to be vital, holding a place of importance in their lives that few other things approach. Others tolerate insurance coverage, thinking of its as a necessary expense that they are neither fond of nor hate. Still others believe that insurance is a waste of money that could be better spent on other things. Like all forms of insurance, the value of health coverage is a matter of perspective. In the U.S., health insurance coverage is mandatory, but that…

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Health insurance exchange suffer from faulty internal controls

America's health insurance plan

HHS report identifies internal controls as a problematic issue Insurance exchanges throughout the U.S. have faced technical struggles for the past several months, but a new report from the Department of Health and Human Services may have identified the reasons behind one of the most problematic aspects of these exchanges. Insurance exchanges have been having trouble adequately determining whether or not those seeking federal subsidies are actually eligible for these subsidies. The subsidies are offered by the federal government and exist as a way to make insurance coverage more affordable…

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Health insurance rates may be set for dramatic rise

Health Insurance benefits

Insurance industry experts warn of impending rate shock from higher rates in 2015 The issue of health insurance premiums rising in the U.S. as a result of the Affordable Care Act has received a great deal of attention over the past few years. According to the Department of Health and Human Services, rates will indeed increase in the coming year, but only by a modest amount. The agency suggests that the financial impact of new insurance regulations has not been sufficient enough to cause insurers to raise premiums by a…

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Health insurance deadline looms

health insurance deadline checklist

Consumers face March 31 deadline, when open enrollment for exchanges comes to an end The deadline for purchasing health insurance coverage through insurance exchanges in the U.S. is quickly approaching. The open enrollment period for exchanges and the coverage they offer ends on March 31 of this year. Those that do not have health insurance coverage after the deadline passes are more likely to be subjected to penalties coming from the federal government. The problem, however, is that many people are still reporting that they cannot purchase coverage through exchanges…

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