Live Insurance News

Health insurance adjustment suggested by Massachusetts Governor

January 11, 2013April 18, 2016 H. Cutner

Gov. Patrick has suggested a few tweaks to the current law that may eliminate a healthcare struggle. The implementation of the core element of the healthcare reforms are now less than a year away, and the Governor of Massachusetts, Deval Patrick, has proposed an adjustment to the state’s own healthcare access law from 2006, which would apply a penalty to employers who are not making a “fair” contribution to the health insurance benefits of their employees. The alteration to the law would be called the “employer responsibility contribution”. That new…

Health insurance avoided by Wendy’s franchisee by cutting worker hours

January 10, 2013January 10, 2013 Julie Campbell

Full time employees have been dropped back to part time hours so that the franchise won’t have to cover them. It has been revealed that an Omaha, Nebraska owner of a Wendy’s franchise has the intention of slashing the hours of 300 full time employees in order to make them part time workers so that the company can avoid having to provide them with health insurance as required by the Affordable Care Act. The franchise is not required to have to provide part timers with medical benefits, which explains the…

Health insurance savings on its way for residents of New York

January 9, 2013April 30, 2013

Those living in the state will be saving over $500 million on coverage premiums this year. Andrew Cuomo, the Governor of New York state, has just announced that the new power that has been given to the state to limit the increases in health insurance rates is already showing its benefits to the residents of the state. The state has limited a number of increases that insurers had proposed within the state. Cuomo said that this year alone, New Yorkers will not have to pay the over half a million…

Health insurance exchanges for 20 states have received their approval

January 7, 2013January 7, 2013 Julie Campbell

Another eight states have now received the all clear in the form of a conditional federal approval. The U.S. Department of Health and Human Services (HHS) has just announced that an additional eight states have now received their conditional approval for their state based health insurance exchanges, bringing the total number in the country up to 20. These approvals have been coming through since last week and allow those states to begin moving forward. Among the newest additions to the approved list for their health insurance exchanges are Hawaii, Utah,…

Health insurance premiums 14 percent higher for smokers

January 4, 2013January 4, 2013 Julie Campbell

A report has also shown that obese adults are paying 22 percent more for their medical coverage. The results of an eHealth, Inc., study have been released in a report that functions as an addendum to the one that it issued two months ago, called “November 2012 Cost and Benefits”, and has shown that smokers and obese individuals are paying higher monthly health insurance premiums than their non-smoking and lower BMI counterparts. On average, these individuals are shelling out a significantly larger amount due to their increased risk factors. According…