Florida health insurance news Archives

Health insurance endeavor in Florida may be dubious foreshadowing for exchange initiative

April 8, 2013April 7, 2013 Logan B.

Health insurance program from Palm Beach County is met with significant challenges While health care reform begins to take hold on a national level, several counties throughout the U.S. are looking to make health insurance more accessible to consumers on their own. Such is the case in Pam Beach Country, Florida, where county officials are working to ensure that all residents have access to the health insurance they need. According to officials, one in five residents of Palm Beach County currently lack coverage. While officials are working to address this…

Affordable Care Act creates strife for Florida regulators

January 30, 2013January 28, 2013 Dan

homeowners insurance policy multiple claims

Regulators struggling to enact provisions of Affordable Care Act Insurance regulators in Florida are having a hard time complying with the Affordable Care Act. Late last week, regulators approached a legislative committee concerning the matter, informing lawmakers that they face a range of complex issues that inhibit them from making progress. Regulators cite a multitude of legal requirements and filings coming from the state’s health insurers as major factors in prohibiting their ability to implement key provisions of the Affordable Care Act. Legislative direction thought by state’s regulators Regulators are…

Florida faced with $300 million penalty from federal regulators

January 19, 2013January 19, 2013 Dan

Florida runs afoul of regulators due to health insurance program The State of Florida has run afoul of federal insurance regulators and is facing serious penalties under the federal health care law. The state’s health insurance program for public workers is the subject of the problem. Those responsible for the health insurance program warned that Florida could be liable for penalties, and federal regulators have taken note of the issue. If the Florida Legislature does not take action within the next few months, the state may be forced to brace…

Florida health insurance news sees individual policy consumers receiving $113 million in insurer rebates

April 18, 2012April 30, 2013

Florida health insurance refunds part of health care reform Residents of Florida who have individual health policies (not subsidized by employers) will be happy to hear the latest insurance news that will include a rebate estimated to be worth $143 to $949 (depending on the coverage and policy) starting in August, as a result of the federal healthcare reforms. The rebates will affect approximately 157,000 families and individuals. Furthermore, another $65 million in rebates is also being prepared to provide rebates to workers from among 352,000 small businesses. These insurance…

A federal report reveals that private insurers are indebted to the Florida government

July 10, 2011May 14, 2013

The state of Florida stands to receive a large sum of money in reimbursement after several private health insurers overstated how much they had spent on patient care. The insurers, who participate in the State Children’s Health Insurance Program, owe state health officials $3.1 million, according to a new federal report from the Department of Health and Human Services. In accordance with the health care reform of last year, insurers are required to spend no less than 85% of the money they collect from premiums on medical services. Any shortfalls…