Live Insurance News

Health insurance rates in California draw ire from regulators

March 13, 2013March 12, 2013 Marc

California Health Insurance exchange popularity

Health insurance rates continue to grow in California Health insurance rates continue to climb in California, a fact that has the state’s Insurance Commissioner, Dave Jones, somewhat upset. Rates have been climbing at a rapid pace since 2010, after the Affordable Care Act was passed. In 2012, the federal law was upheld by the U.S. Supreme Court, which spurred many insurers to raise rates dramatically throughout the country. Insurance regulators have managed to keep some rate increases at bay, but California consumers continue to see the cost of their health…

Health insurance refund checks circulating throughout California

March 7, 2013March 6, 2013 Logan B.

Fake checks being issued to health insurance consumers Reimbursement checks from the California Department of Insurance have been circulating throughout the state. Many of these checks are in regards to health insurance, offering consumers refunds for their coverage or to help cover the cost of their health insurance policies. The checks have come as a surprise to many consumers throughout the state, also raising suspicion as the Department of Insurance had not informed consumers that they would be receiving these checks in any way. Insurance Commissioner Dave Jones has announced…

Health insurance rate shock may be coming to the US

February 28, 2013February 27, 2013 Logan B.

Health insurance costs spark worry among states Rate shock is becoming a common term in the U.S., especially in the world of insurance news. The term refers to a steep increase in insurance premiums, an increase that policyholders are both unprepared for and unable to accommodate. Rate shock is most often related to the issue of health insurance and the Affordable Care Act. The controversial federal law will take full effect in 2014, and U.S. insurers have been warning that rate shock may be one of the unintended consequences of…

Health insurance proposal could make coverage more expensive in California

February 27, 2013February 26, 2013 Logan B.

New proposal could make health insurance premiums spike A new proposal facing the California Legislature could split the state into six new financial regions that could have a profound impact on the cost of health insurance throughout the state. While state lawmakers have been working to make insurance coverage more affordable, the proposal may derail these efforts by making coverage considerably more costly for many consumers, according to the state’s Department of Insurance. Insurance Commissioner Dave Jones warns that introducing these new zones could make coverage nearly unattainable for a…

Health insurance rules outlined for California exchange

February 19, 2013February 19, 2013 Nordstrom

California officials share glimpse at future of health insurance market The California health insurance exchange is beginning to take form and consumers are finally getting a glimpse at what kind of policies will be provided through the system. The state has chosen to build and operate the exchange itself, accepting federal financial aid for the effort. This week, state officials have begun to provide some information concerning the kind of health insurance policies that will be available in the exchange beginning October of this year. Exchange to offer plans in…

Health insurance “navigators” gaining attention

February 11, 2013February 9, 2013 S.Vagus

Health insurance through exchanges could lead to consumer confusion and misunderstanding Several states throughout the U.S. are working toward developing their own health insurance exchanges, per the Affordable Care Act. State lawmakers have been pressuring the federal government to supply them with more guidance concerning these exchange programs, but such guidance has yet to come in force. A new problem is emerging for health insurance exchanges that could add more urgency to the matter, however. As consumers begin to enroll in these programs, the threat of confusion and misunderstanding concerning…

National Insurance Crime Bureau finds high level of insurance fraud in Florida

January 25, 2013January 23, 2013 Marc

Florida leads the country in insurance fraud, according to National Insurance Crime Bureau Florida has attracted a significant amount of focus when it comes to fraud in its insurance sector over the past few years. The state’s no-fault auto insurance laws, and some regulations concerning homeowners insurance, have allowed the sector to be easily manipulated and exploited in the past. State legislators recently began overhauling Florida laws to cut down on fraudulent activities, but have found only modest success. The National Insurance Crime Bureau has released new information showing that…