Live Insurance News

US health insurance industry is doing well, according to report

March 30, 2015March 28, 2015 S.Vagus

Report from Commonwealth Fund shows that the health insurance industry is faring well A new report from the Commonwealth Fund shows that the health insurance industry is doing quite well. There have been concerns that the insurance industry in the United States may suffer as a result of the Affordable Care Act. The legislation was signed into law in 2010 and some insurers had expressed worry over some of the provisions of the federal law. These concerns had to do with how the law would affect the way they do…

Health insurance companies have been affected by severe data breach

March 3, 2015March 1, 2015 Logan B.

Blue Cross Blue Shield of Michigan may have been caught up in the data breach at Anthem The cyber attack against health insurance provider Anthem continues to send ripples throughout the United States. In January of this year, Anthem was the victim of a major data breach, which compromised the personal information of more than a million of the company’s clients. In Michigan, the cyber attack against Anthem seems to have involved another health insurance company, as well. Blue Cross Blue Shield of Michigan has reported that there is a…

Bill targeting Colorado health insurance exchange has been defeated

February 4, 2015February 3, 2015 Marc

Legislation sought to repeal the state’s insurance exchange by January 2016 A bill that would have repealed the Colorado health insurance exchange, called Connect For Health Colorado, has been defeated by the state’s House Health, Insurance, and Environment Committee. The legislation — House Bill 1066 — was meant to dismantle the exchange, putting an end to the market place on January 1, 2016. The legislation would have also tasked any unused funds from the exchange to be funneled into the state’s general fund. Supporters of the bill claim that the…

Help is on its way for health insurance confusion at tax time

January 15, 2015January 14, 2015 Julie Campbell

Private tax services and federal officials are already assisting consumers in filing before the April deadline. The confusion that is expected to result from the health insurance requirements that started last year is not going to leave taxpayers without a way to know that they have filed properly, as federal officials and private tax preparers have already begun offering assistance to consumers. This support is meant to make sure that questions will be answered ahead of the April deadline for tax filing. For approximately 75 percent of taxpayers across the…

Health insurance has made it into the holiday shopping season

December 29, 2014December 27, 2014 Julie Campbell

Recently released federal data has shown that there are a considerable number of people returning to the exchanges. Aside from enrolling new health insurance customers, one of the most important achievements that the exchanges need to accomplish are to encourage last year’s customers to return in order to purchase their coverage. This holiday shopping season, enrolling through the insurance exchanges is exactly what Americans have been doing. The federal government has recently released data that shows that consumers are returning this year after having used the health insurance exchanges last…