Health insurance companies in Arkansas owe $7.1 million in rebates

Health insurance plan

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…

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Arkansas health insurance backlog creates issue with children’s coverage

Children arkansas health insurance

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…

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Arkansas pauses development of health insurance exchange

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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…

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States to play larger role in health insurance exchanges

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Pennsylvania, Delaware, and Arkansas will have more control over their exchanges Three states have been granted conditional approval from the federal government to play a larger role in the health insurance exchanges that they established through the Affordable Care Act. Arkansas, Delaware, and Pennsylvania will expand their role in their insurance exchanges beginning in 2016. Currently, the federal government operates the exchanges in these states. Some of the exchange’s functions are managed by the states themselves, but the majority of operations are handled by the federal government through and…

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New York sees increase in health insurance exchange enrollment

New York Health Insurance

State has made progress in making its exchange more popular among consumers New York ranked fourth in the U.S. in terms of enrollment in health insurance exchanges, according to a report from the Kaiser Family Foundation. The state has made significant strides in raising awareness about its exchange and the services that it offers, which lead to more people enrolling in the exchange throughout the state. Several other states have seen an increase in enrollment as well, due to the marketing efforts that they have made to improve awareness among…

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