Illinois health insurance companies seek to circumvent federal law

health insurance companies profits

Acts of health insurance providers create drama with state regulators Drama has erupted in the insurance industry in Illinois. The state’s Department of Insurance has taken issue with an action that many of the state’s largest health insurance providers plan to take in order to avoid federal reforms for an entire year. Per the Affordable Care Act, insurers will not be able to charge higher rates for women, those with pre-existing conditions, and other demographics beginning January 1, 2014. In an attempt to sidestep these new regulations, many of the…

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Health insurance provision delay could be a costly measure

health insurance

Health insurance provisions of the Affordable Care Act could cost the country money The Congressional Budget Office has released a new report concerning the delay of certain provisions of the Affordable Care Act. Early in July, the Obama administration decided that a number of key provisions of the Affordable Care Act would be delayed in order to allow businesses to better prepare for the financial implications of the federal law. The delayed provisions are focused on small businesses, requiring them to provide health insurance coverage to full-time workers. Small businesses…

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Health insurance research shows Americans remain uncertain as deadline approaches

Health Insurance policies

A new phone survey has indicated that the majority of adults in the U.S. are undecided about their future coverage. According to one of the latest studies conducted by Princeton Survey Research Associates International, the majority of Americans haven’t yet decided whether they will be purchasing health insurance in order to comply with the Affordable Care Act’s individual mandate, or whether they would prefer to pay a penalty. The poll also indicated that in May, there remained a considerable amount of confusion about individual requirements. The team at Princeton Survey…

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Health insurance application forms considerably simplified by Obama Administration

Health Insurance Reform

The documents are much shorter and easier to complete, though income details are still needed. The Obama administration has just unveiled a new and updated health insurance application form in order to enroll for benefits that is considerably shorter and easier to complete than the original massive document that had been issued. The first version of the form received numerous complaints as it was as long and confusing as a tax form. The latest draft of the health insurance benefits application is only five pages long, which includes the cover…

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Health insurance benefits regulations released by HHS

health insurance substance abuse rehab

The department has now provided additional information to assist the states. The U.S. Department of Health and Human Services has now issued additional details regarding health insurance benefits requirements that have to do with coverage of prescription drugs. The cover has now been further strengthened for the millions of people who will be buying plans. These prescription drug benefits regulations will apply to health insurance policies that will come available late in 2013, in time for the official complete opening of the state exchanges, as per the overall healthcare overhaul…

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