Tag: health insurance exchanges

Health insurance premiums for HealthCare.gov policies are set to rise

S.Vagus
Health Insurance Premiums Rise

Insurance premiums for HealthCare.gov policies to rise by an average of 15% next year Those with health insurance coverage through HealthCare.gov are likely to see higher premiums next year unless they switch policies, according to a report from Kaiser Family Foundation. Consumers with insurance coverage through the federal exchange marketplace have been encouraged to shop around for new policies, as this would allow them to save some money. On average, Kaiser predicts that those not shopping around for different policies will see an increase in their premiums of approximately 15%.…

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Health insurance premiums are on the rise for policies sold through federal exchanges

S.Vagus
health insurance news

HHS releases information showing premiums are growing throughout the country Premiums for several popular health insurance plans sold through HealthCare.gov will be going up in 2016. The Department of Health and Human Services has released a “snapshot” of the plans that will be available through the federal exchange gateway, showing that rates are on the rise. On average, rates for the exchange’s most popular plans will be going up by 7.5%, though premiums for some plans will be going up by a larger margin. Some states will see more modest…

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US health insurance exchanges are exposed to fraud

Logan B.
hacked phone federal health insurance exchange

GAO report highlights the fraud problems that many exchanges have to deal with A new report from the Government Accountability Office has found that health insurance exchanges set up through the Affordable Care Act are still exposed to fraud. Exchanges have long had a problem with fraudulent applications, with fake Social Security Numbers and falsified immigration details being applied to these applications in order for people to acquire insurance coverage. These issues were first discovered more than a year ago, but efforts to curb fraud have had limited impact. Many…

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Consumers without health insurance will face tax penalties next year

Marc
health insurance cost medical

Open enrollment period is coming, giving consumers a chance to purchase health insurance policies November is coming and in the United States that means that the next open enrollment for health insurance exchanges will begin. On November 1, consumers will be able to find and renew health insurance policies through these exchanges. The federal government expects that several million people will find coverage through these exchanges, but many more will forgo coverage entirely. Health insurance coverage is expected to become more expensive in 2016, with insurers raising premiums. Uninsured consumers…

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US may miss targets for health insurance exchange enrollment

Logan B.
Health Insurance Expense

Government projections may be too ambitious Last year, the Obama administration declared the Affordable Care Act a success, as it had expanded the availability of health insurance coverage to some 8 million people throughout the United States. These people were able to find coverage through insurance exchanges, through which several private companies offered policies. Consumers also had access to subsidies from the federal government, which have made health insurance more affordable for many people. The success of insurance exchanges lead federal officials to believe that many more people would sign…

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