Live Insurance News

Health insurance brokers in Washington D.C. are still waiting to be paid

July 10, 2014July 8, 2014 S.Vagus

Insurance brokers have yet to be paid for the services they provided and the policies they managed to sell Months after health insurance exchanges began operating in the U.S., many professional insurance brokers are still waiting to be paid for their services. In Washington D.C., this issue is beginning to cause serious problems for these brokers. District officials had gone to great lengths to win the support of insurance brokers that were concerned for their livelihood and how it would be affected by insurance exchanges. A special website and phone…

Health insurance subsidy more available to abused spouses through tax change

April 1, 2014March 29, 2014 H. Cutner

An alteration to the law no longer requires victims of domestic abuse to file joint taxes. The Affordable Care Act has now made a change that will make it much easier for victims of domestic violence to be able to obtain health insurance subsidies without having to file their taxes jointly. This new fix has been put into place – as has an extension in their enrollment period. The problem that caused the requirement for this change in the law surrounding subsidies for health insurance was that in order for…

Health care reform comes under fire once again

March 21, 2014March 19, 2014 Logan B.

Obama administration proposes new rule that has sparked controversy The Obama administration has made a very controversial move that has renewed the criticism surrounding federal health care reform. Late last week, the President proposed a new rule that would increase the bailout protection that insurance companies have through health insurance exchanges. The rule is designed to provide insurers with more financial security as the country adapts to the changes that health care reform has introduced to the insurance market. Those opposing the new rule suggest that it is illegal The…

Retroactive health insurance in Maryland attracted only 9 people so far

March 6, 2014March 3, 2014 H. Cutner

So far only nine people from the state have signed up for the emergency legislation option. Despite the fact that an emergency temporary retroactive health insurance legislation has been put into place to allow people in Maryland to be able to make sure that they meet the requirements of the health care reform, despite the fact that their online exchange has been faulty, at the last tally, there were only nine people who have signed up to participate in this opportunity. Near the start of the year, the expectation was…

Health insurance exchange contractor gets the axe in Maryland

February 28, 2014February 25, 2014 G. Turner

The company behind the hugely costly but highly defective online marketplace has been fired. The state of Maryland has now fired the contractor that was behind the creation of the expensive health insurance exchange online marketplace that was supposed to allow the state to be able to comply with the federal health care reform. The defects in the site are extensive enough that Maryland may have to abandon part or all of the system. Despite the fact that the health insurance exchange creation came with a tremendous price tag, it…