Live Insurance News

D.C. health insurance exchange will be losing some options in 2016

July 14, 2015July 11, 2015 H. Cutner

Residents of Washington D.C. won’t have as much competition on the marketplace, next year. People who live in Washington D.C. will be finding that when they look over their health insurance exchange, next year, to comparison shop for plans, they won’t have quite as many options as they saw this year. There will actually be only one carrier from which to choose, which will considerably change the playing field. Because of the plummeting competition over the insurance exchange in D.C., many of the residents who will be using it will…

Young consumers remain confused about health insurance

July 10, 2015July 9, 2015 Marc

Study finds that young adults are still confused about insurance terminology Many young consumers are concerned about the cost of health insurance policies, but they are still confused about out-of-pocket expenses, according to a study from the Children’s Hospital of Philadelphia. The study is quite small, with researchers observing 33 young adults between the ages of 19 and 30 as they purchased insurance coverage through HealthCare.gov. The online marketplace has made it easier for consumers to acquire coverage, but they may not have a full understanding of insurance terminology. Consumers…

Alaska’s health marketplace loses 3 insurance companies

June 24, 2015June 23, 2015 Julie Campbell

Three insurers have now announced that they will no longer be selling individual plans in the state. Yet another insurer has now announced that it will be leaving the individual health plan marketplace in Alaska, which has brought the number of insurance companies that will be leaving the state up to three over the last couple of months, alone. This will cause over 5,000 Alaskans to have to seek out a new provider for their health care policies. The three insurance companies that have given their notice during the last…

Legislation aims to expand health insurance in California

June 2, 2015May 30, 2015 Logan B.

State seeks to make insurance coverage accessible to undocumented residents New legislation in California could extend health insurance coverage to undocumented residents. The legislation is currently being considered by the California State Senate Appropriations Committee. If the legislation manages to make its way through the legislative process and becomes law, undocumented immigrants will gain access to health insurance benefits and, perhaps, subsidies that will allow them to afford the coverage that they need. This coverage would be available through the state’s insurance exchange. Estimated 1 million undocumented residents lack insurance…

Health insurance exchange in Colorado is after a Medicaid reimbursement

May 19, 2015May 16, 2015 H. Cutner

The financial survival of the state’s marketplace depends on being able to recover millions of dollars. The Colorado health insurance exchange is scrambling to be able to recover millions of dollars that were racked up in the expansion of the state’s Medicaid program in order to make sure that the marketplace will be able to remain financially viable. That said, the Connect for Health Colorado marketplace was not designed for the collection or counting of reimbursements. According to the new interim CEO of Connect for Health Colorado, Kevin Patterson, “We…

Massachusetts health insurance exchange finds success

May 8, 2015May 7, 2015 Logan B.

Survey shows that state’s insurance exchange has managed to serve many people in the state The health insurance exchange in Massachusetts may have been a resounding success, according to a new survey from the Center for Health Information and Analysis. The state served as a model for the Affordable Care Act, at least when it comes to the formation of an insurance exchange. Massachusetts enacted extensive health care reform in 2006, which lead to the creation of the Massachusetts Health Connector, which was the state’s first iteration of its insurance…

Colorado continues to improve its health insurance exchange

May 7, 2015May 5, 2015 S.Vagus

State is working to address the issues with the enrollment system of its health insurance exchange Colorado has been working to fix its health insurance exchange, with efforts to do so going well, according to exchange officials. The exchange’s online enrollment system has struggled to serve consumers in the state for some time, making it difficult for people to sign up for the insurance coverage they are interested in. Fixes to the exchange could be delayed, however, as the exchange’s technology chief, Proteus Duxbury, recently departed for another position. Adele…