Live Insurance News

Health insurance companies in Arkansas owe $7.1 million in rebates

November 30, 2015November 28, 2015 S.Vagus

Insurers are finding it difficult to comply with a provision of the Affordable Care Act Arkansas businesses and consumers are owed a great deal of money from the state’s health insurance companies. According to the Centers for Medicare and Medicaid Services, these companies collected too much in premiums last year and are now required by federal law to reimburse consumers and businesses. Per the Affordable Care Act, insurers are required to spend no less than 80% of the money they collect from premiums on medical care, something that some insurers…

Arkansas health insurance backlog creates issue with children’s coverage

October 20, 2015October 18, 2015 H. Cutner

Some parents in the state are struggling to obtain the plans they need to make sure their kids are covered. Parents are feeling a substantial headache from an Arkansas health insurance backlog that is making it difficult for them to be able to buy a plan that will cover their kids. Hundreds of thousands of people in the state are now sitting on a waiting list for their coverage approval. The waiting list is the result of a backlog with the Arkansas health insurance options such as ARKids, Medicaid, and…

Arkansas pauses development of health insurance exchange

September 30, 2015September 29, 2015 S.Vagus

Governor issues request to insurance exchange board to halt development for the time being Arkansas Governor Asa Hutchinson has informed the Department of Health and Human Services that he has asked the Arkansas Health Insurance Marketplace Board to pause the development of an exchange for individual consumers. The board is in charge of overseeing the development of such a marketplace, which is meant to serve as a place for consumers to find affordable, yet comprehensive coverage. Governor Hutchinson wants the board to wait while a legislative task force develops recommendations…

Arkansas hires ad firm to market its health insurance exchange

April 13, 2015April 11, 2015 S.Vagus

Governing board hired ad firm to draw more attention to its insurance exchange The governing board of the Arkansas health insurance exchange, called the Arkansas Health Insurance Marketplace, has hired an advertising firm to draw more awareness to the marketplace. The firm, Cranford Johnson Robinson Woods, was contracted for approximately $5.8 million over the next two years. The contract will task the firm with designing a new website for the state’s exchange, which will be used in place of HealthCare.gov and will provide consumers with access to the exchange’s insurance…

Health insurance prices are falling in Arkansas

August 29, 2014August 28, 2014 S.Vagus

Policies sold through state’s insurance exchange may be less expensive next year Health insurance premiums for policies sold through state-based exchanges are expected to rise in many parts of the U.S. next year. New regulations and insurers adapting to the provisions of the Affordable Care Act are part of the reason behind growing premiums. In Arkansas, insurance premiums for policies sold through the Arkansas Healthcare Insurance Marketplace are not expected to rise. Coverage sold through the exchange next year is likely to have lower premiums than policies that went into…

The Most Expensive States for Car Insurance

June 29, 2013April 21, 2014 Guest Author

The United States is known the world over for being full of motoring fanatics with people loving the old and new models, taking them apart and putting in modern add-ons to improve performance, washing them to keep them clean on an almost daily basis and loving their motorsport. With all of this in mind, you would almost expect the US to be relatively cheap in terms of car insurance. You would also expect that annual insurance prices would be relatively similar across the country. However, there are some significant variations…

Health insurance exchange in Arkansas draws attention of 4 insurers

June 10, 2013June 8, 2013 Logan B.

Four companies have now expressed their interest in selling policies over the state’s online marketplace. The Arkansas Insurance Department has announced that there are now four health insurance companies that intend to be able to sell their policies over the state’s exchange, which is expected to serve over 500,000 residents. The department said that the insurers submitted their letters by the deadline, which was last Monday. The department explained that the health insurance companies each met the deadline in order to indicate their interest in participating in the Arkansas exchange,…