Live Insurance News

Insurance company in North Dakota fined $60,000 for several violations

December 8, 2014December 6, 2014 G. Turner

Blue Cross Blue Shield must pay the penalty for claims handling issues and other payments failures. Blue Cross Blue Shield of North Dakota recently agreed to pay a number of different fines that will come to a total of about $60,000, for having made several “systemic” violations that were discovered by regulators during an examination of the insurance company. The violations have occurred in a range of different areas including the handling of claims. Among the violations that were found within the examination of the insurance company were the claims…

Health insurance misunderstandings may lead to bad choices, study

November 5, 2014November 4, 2014 H. Cutner

Research has revealed that there is a gap between the reality of coverage and the average consumer’s perception. The findings that have been published by the American Institutes for Research, from a recent study, have revealed the outcome of an evaluation of the confidence level that people have when they are selecting their health insurance coverage when compared to their actual skills and knowledge on the subject. The open enrollment for buying a health plan is now less than two weeks away and perception may not match reality. As people…

Health insurance costs for 2015 won’t be revealed until after the election

October 20, 2014October 19, 2014 G. Turner

There could be double digit increases in premiums in certain states where key Senate races are occurring. Consumers across the United States who intend to buy their health insurance on the federal exchange won’t need to wait much longer to find out what their premiums will be, but they will still need to wait until after the election on November 4 for their first glimpse at the official figures. That said, this won’t delay their ability to shop and make their purchases as open enrollment starts on November 15. This…

Health insurance settlement reached by Anthem in Missouri

August 7, 2014August 4, 2014 G. Turner

The insurer was accused of having failed to notify its customers that the same coverage was being offered for less. A health insurance company in Missouri has now reached a settlement in which it has agreed to send a total refund of almost $8 million to customers in the St. Louis area in order to compensate them for failing to inform them about identical plans that were being sold at a lower rate. The agreement was reached between Anthem BlueCross BlueShield and officials of the state of Missouri. The actual…

More health care reform headed to Indiana

July 23, 2014July 21, 2014 Julie Campbell

Individuals in the state who purchase plans from the exchange will see different offerings and prices next year. People living in Indiana who use the federal exchange to purchase their plans will be seeing a new round of health care reform that will bring changes to the plan offerings and the prices that will be available next year. Insurance companies in the state have been filing for a broad range of changes with potential advantages. The filings that have been made with the Indiana Department of insurance have already been…