Live Insurance News

Health insurance fix for cancelled plans announced by President Obama

November 15, 2013November 14, 2013 H. Cutner

President Obama health insurance Obamacare

In a televised speech, insurers were allowed to offer their current plans for an additional year. President Obama has now announced a fix for the widespread problems regarding cancelled health insurance plans, as the date for the full implementation of the healthcare reforms draws ever closer. This gives the insurers the chance to maintain their current plans for a year, even if they don’t comply with the law. The fix was announced by the president in order to help to stop the tremendous trend that health insurance companies have started…

Health insurance mandate penalty may be vastly misunderstood

November 4, 2013November 2, 2013 S.Vagus

Federal law places a penalty on those without health insurance coverage The health insurance mandate of the U.S. Affordable Care Act has become one of the more controversial aspects of the federal law. According to the law, all U.S. citizens must have active health insurance coverage beginning on January 1, 2014. Failure to comply with the mandate could mean facing a tax penalty issued by the Internal Revenue Service (IRS). These penalties will not actually be issued until March 31, 2014, when the open enrollment period for health insurance exchanges…

Health insurance in Pennsylvania becomes more child-friendly

October 22, 2013October 19, 2013 Logan B.

New law targets Children’s Health Insurance Program Health insurance for children in Pennsylvania has won a victory thanks to a new bill signed by Governor Tom Corbett. The bill has to do with the state’s Children’s Health Insurance Program, which provides insurance coverage to more than 188,000 children currently enrolled in the program. The program is nearly two decades old and has often been criticized for being inaccessible to those that need it most. The new bill signed by Governor Corbett aims to resolve some of the issues that the…

Insurance news made when high school football player inspires law

August 8, 2013August 7, 2013 H. Cutner

The Governor of Illinois has just signed a new bill that was inspired by an injured student. Pat Quinn, the Governor of Illinois, has just signed a new bill into law, making insurance news when he added his signature while visiting Eisenhower High School, located in Blue Island Illinois. The reason that the signing occurred at that high school was that the law was inspired by one of its students. The insurance news started back in the year 2000, when a student at Eisenhower, who was on the football team,…

Health insurance law putting strain on public unions

August 7, 2013August 5, 2013 H. Cutner

health insurance rates highest and lowest

Municipalities nationwide are putting the pressure on their unions to accept cheaper benefits. Towns and cities across the United States are now placing pressure on their municipal unions to start accepting cheaper health insurance benefits ahead of an element of the implementation of one of the healthcare reform components that will place a tax on more expensive plans as of 2018. The Affordable Care Act includes a so-called “Cadillac tax”, which was created following the advice of economists. The economists argued that health insurance that was more expensive, in which…