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Montana residents save $1.5 million by shopping around for health insurance policies

November 12, 2015November 11, 2015 Logan B.

health insurance plans healthcare reform affordable care act

HHS report shows that consumers are saving money by shopping around for coverage Many residents of Montana have saved money by shopping around for health insurance coverage, according to a new report from the Department of Health and Human Services. The federal agency recently urged consumers throughout the country to shop around for coverage. The agency suggested that many consumers may be paying too much for their insurance coverage, largely because they are unwilling to shop around and consider new options. In Montana, many consumers took this urging to heart,…

Consumers may need to shop around to find the best deal on their health insurance coverage

November 6, 2015November 4, 2015 Marc

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Insurance premiums are growing and consumers may be paying too much if they stick with their current policies With health insurance exchanges now open for business throughout the United States, consumers are being urged to shop around for the insurance coverage that they need. Insurers offering policies through exchanges will be increasing premiums for 2016 coverage. Some will be doing so by a significant margin, while others will be raising premiums by a modest degree. In order to find the best coverage at affordable rates, Sylvia Burwell, secretary of the…

Health insurance premiums are on the rise for policies sold through federal exchanges

October 30, 2015October 28, 2015 S.Vagus

HHS releases information showing premiums are growing throughout the country Premiums for several popular health insurance plans sold through HealthCare.gov will be going up in 2016. The Department of Health and Human Services has released a “snapshot” of the plans that will be available through the federal exchange gateway, showing that rates are on the rise. On average, rates for the exchange’s most popular plans will be going up by 7.5%, though premiums for some plans will be going up by a larger margin. Some states will see more modest…

US may miss targets for health insurance exchange enrollment

October 22, 2015October 21, 2015 Logan B.

Government projections may be too ambitious Last year, the Obama administration declared the Affordable Care Act a success, as it had expanded the availability of health insurance coverage to some 8 million people throughout the United States. These people were able to find coverage through insurance exchanges, through which several private companies offered policies. Consumers also had access to subsidies from the federal government, which have made health insurance more affordable for many people. The success of insurance exchanges lead federal officials to believe that many more people would sign…

Estimated 10 million people expected to enroll in health insurance exchanges by the end of the year

October 22, 2015October 21, 2015 Nordstrom

HHS predicts that many more people will enroll in state-based insurance exchanges by the end of this year The U.S. Department of Health and Human Services expects that some 10 million people will enroll for health insurance coverage through state-based exchanges by the end of this year. More than one-quarter of those without insurance in the country are expected to sign up for policies that suit their needs during the upcoming open enrollment period. The enrollment period is scheduled to begin on November 1, running through January 31, 2016. 8.8…