Live Insurance News

Insurance costs are driven skyward by some ailments more than others

July 28, 2015July 24, 2015 H. Cutner

New research has revealed the catastrophic ailments are the most expensive for insurers to cover. The results from a recent study that looked into health insurance costs has now revealed the 10 types of catastrophic ailments that are the priciest for insurers to have to cover as a part of their plans. Among the leading types of condition is going into labor early and having a preterm baby. Preterm births occur about 450,000 times every year and have been found to be among the highest insurance costs, says the new…

Health insurance premiums to spike in Oregon

July 3, 2015July 2, 2015 Marc

Oregon Insurance Division reveals final decision on rate proposals for 2016 The Oregon Insurance Division has revealed its final decision concerning rate proposals coming from the state’s health insurance companies. Many of the state’s insurance providers have sought to raise premiums on the coverage that they provide. State regulators have been investigating these proposals to determine whether or not they are necessary. The Insurance Division has announced that, in most cases, insurance rates will go up on individual policies in 2016. Regulators approve the majority of rate increase proposals While…

Health insurance platform raises $5.9 million in funding

July 2, 2015July 1, 2015 Logan B.

SimplyInsured has won strong investment support from venture capital firms SimplyInsured, a health insurance platform that caters to small businesses, has announced that it has received $5.9 million in Series A funding. The funding round was lead by several venture capital firms, such as Bessemer Venture Partners and Altair.VC. The startup provide small businesses with a way to compare rates on health insurance plans offered by various insurers. It also provides them with a way to administer these plans through the SimplyInsured platform. Funding will help expand the company’s marketing…

Millions of Americans will keep their health plans subsidies

June 29, 2015June 27, 2015 Julie Campbell

Obama between two ferns health insurance

A new court ruling has meant that consumers across the United States will keep affordable insurance coverage. Consumers across the U.S. who had been struggling to be able to afford their health plans will now be able to sigh a breath of relief as a court has ruled that the federal subsidies will be maintained in the states that do not have their own insurance exchanges. Many were watching the ruling of the U.S. Supreme Court with regards to the health care reform subsidies. The decision made by the top…

Health insurance premiums is higher for some smokers

November 11, 2014November 8, 2014 H. Cutner

In Virginia, residents who smoke can expect most insurers to charge them more for coverage. Virtually everyone in Virginia needs to pay for health insurance in some way, and that coverage is going to cost more for the large percentage of residents of the state who also happen to be smokers. As a result of the considerable medical risks associated with smoking, insurers often charge more to smokers. In Virginia, 20 percent of workers also happen to be smokers, and experts have said that the risks associated with this habit…