New regulation calls for clear and concise health insurance guides for consumers Beginning this week, U.S. health insurance companies are required to provide customers with user-friendly guides concerning the benefits they will receive through coverage. This is part of a provision of the Affordable Care Act, which aims to bring more transparency to the health insurance industry and provide consumers with the information they need to make educated choices concerning their health care. Employers offering health insurance benefits to workers are also required to provide use-friendly guides to policies. Benefits…
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HHS releases a wealth of insurance information to consumers
HHS provides access to vital insurance information For several years, it has been difficult for individuals and families to obtain information from the federal government concerning the cost of health insurance. For some companies, information pertaining to how they price insurance policies is a tightly held secret. With health care reform on the mind of many consumers, however, the demand for this information has become too big to ignore. The U.S. Department of Health and Human Services (HHS) has announced that it will be releasing a large amount of federal…
Read MoreAetna report shows that consumers are confused about insurance terms
Aetna Inc. has released the results of a new consumer survey as open enrollment for employer-offered insurance plans comes to a close. The results of the survey show that more than half of insured adults in the U.S. find the terms of their insurance policies confusing. This presents a major problem for both insurers and consumers as these adults general tend to accept any terms they are given as they believe that any insurance coverage, even if it is not appropriate to their needs, is better than no coverage at…
Read MoreNew website allows users to watch rate increases for health insurance
Web users across the United States can use a new federal website to watch the status of a health insurer in order to determine whether or not that company has increased its rates, and may view the insurer’s justification for doing so. According to the deputy director for oversight at the Department of Health and Human Services, Steve Larsen, the data now available on this website is information that was primarily unavailable before the site’s launch. There were only a few states that offered rate increases on their official websites.…
Read MoreNew website allows Nevada consumers to review and respond to health insurance rate increases
The Division of Insurance in Nevada has announced the launch of the new Nevada Health Rate Review website that is available to consumers and small businesses in the state, to allow them to review health insurance rate hikes, as well as leave their own comments. The website was created in order to comply with a part of the Affordable Care Act (ACA) which began September 1, 2011. This federal law demands that the state offer a way for small businesses and consumers to leave their comments regarding rate hikes that…
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