Live Insurance News

California health insurance premiums set to spike under Affordable Care Act

June 8, 2013June 4, 2013 Logan B.

Covered California data paints different picture for health insurance costs A great deal of confusion has begun to surround the effect the Affordable Care Act will have on health insurance rates in California. Recently, state officials reported that the federal law would lead to a much lower than expected increase in health insurance premiums. These reports were based on information provided by Covered California, the state’s health insurance exchange. The information provided by the exchange does, however, offer a different outlook on the issue that state officials may have overlooked.…

Health insurance rate increase in California lower than anticipated

May 28, 2013May 27, 2013 Logan B.

Health insurance rates expected to spike throughout the US For the past year, insurers throughout the U.S. have been warning that health insurance rates would grow at an alarming rate due to the Affordable Care Act. These warnings have come from some of the country’s largest insurers, many of whom had suggested that consumers would be unprepared for higher rates in the future, leading to a phenomenon known as rate shock. In California, however, health insurance rates have yet to show signs that support the warnings coming from insurance companies.…

Three large insurers opt out of California health insurance exchange

May 27, 2013May 28, 2013 Marc

Health insurance companies choose to opt out of exchange program California’s health insurance exchange, called Covered California, is beginning to take shape as it inches closer to becoming fully active at the end of this year. The exchange has been accepting policy applications from numerous health insurance companies throughout the state, all of which seem eager to participate in the exchange system. Three of the state’s largest insurers, however, have decided to opt out of the exchange program, at least for the first year of its operation. Decision could limit…

Federal government takes over health insurance program in California

May 25, 2013May 25, 2013 Logan B.

California health insurance program now under federal control California’s high-risk health insurance program is set to be taken over by the federal government in the coming weeks. The state’s Pre-Existing Condition Insurance Plan was established to ensure that state residents with serious and chronic medical issues were able to find the health insurance coverage they needed. The program itself has been somewhat successful in this endeavor as it provides coverage for some 17,000 Californians. There had been concerns, however, that the program would not be able to last for the…

Homeowners insurance confusion is common in California

May 15, 2013May 25, 2013 Nordstrom

Confusion concerning homeowners insurance protection is a major problem in California Confusion is a common problem among a large portion of Californians when it comes to the basics of homeowners insurance. A new poll from InsuranceQuotes.com, an insurance aggregator, shows that many people do not accurately know what their homeowners insurance policies cover. This confusion is not only common in California, of course, and has been documented elsewhere in the U.S. Homeowners insurance confusion was recently highlighted as a major issue that exacerbated the impact of 2012’s Hurricane Sandy. Homeonwers…