As the deadline rapidly approaches, the state has been reminding residents that they should act quickly. New Mexico has been reminding people who have not yet purchased their health insurance that they should head to the state exchange if they want to be sure they’ve bought their coverage in time for the first deadline on December 15. For people who want their coverage to start on January 1, 2016, they need to buy a health plan by Tuesday. The final deadline for the open enrollment period is going to be…
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Privacy breach may have some impact on the insurance industry in Illinois
State agency announces privacy breach, revealing Social Security Numbers of health care providers The Illinois Department of Insurance has announced that it has mistakenly allowed the Social Security Numbers of health care providers to be publicly posted. The number of health care providers affected by this privacy breach has not yet been disclosed, but the event may have some impact on the insurance industry. State officials recently learned of the privacy breach after receiving complaints. It is unclear how long the Social Security Numbers of health care professionals were visible…
Read MoreHealth insurance company to put its individual PPO plans to rest
Blue Cross Blue Shield of Texas will begin phasing out its PPO coverage Blue Cross Blue Shield of Texas has announced that it will be phasing out its PPO coverage for individuals. The health insurance providers is doing so because it believes that offering this coverage is no longer financial sustainable. Those with PPO coverage from the insurer will have to switch to HMO plans as a result. Notably, the company’s PPO plans will continue to be offered to employers and group PPO plans will still be available. Cost of…
Read MoreHealth insurance for married same sex couples now offered by Blue Cross
The largest insurer in Alabama is now required to comply with a federal rule to treat all married couples equally. Blue Cross Blue Shield of Alabama, the largest health insurance company in the state, is now offering spousal coverage to same sex couples that are legally married, so that the insurer will comply with a federal regulation that states that all married couples must be treated equally regardless of their sexual orientation. A spokesperson for the insurance company said that the same sex spousal coverage started being offered this year.…
Read MoreInsurance company in North Dakota fined $60,000 for several violations
Blue Cross Blue Shield must pay the penalty for claims handling issues and other payments failures. Blue Cross Blue Shield of North Dakota recently agreed to pay a number of different fines that will come to a total of about $60,000, for having made several “systemic” violations that were discovered by regulators during an examination of the insurance company. The violations have occurred in a range of different areas including the handling of claims. Among the violations that were found within the examination of the insurance company were the claims…
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